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The European Commission Wednesday approved Poland’s recovery and resistance plan, an important step toward the release of billions of euros in grants and loans, but the money will not be paid until Warsaw reforms its judiciary.
Under the plan Poland will receive 23.9 billion euros in grants and 11.5 billion euros in cheap loans over several years to support the implementation of measures outlined in the country’s plan.
President of the European Commission Ursula von der Leyen stated that “The approval of this plan is linked to clear commitments by Poland on the independence of the judiciary, which will need to be fulfilled before any actual payment can be made.”
The proposal must now be approved by EU members within four weeks. After which the commission will authorize disbursements of the funds based on “the satisfactory fulfillment of the milestones and targets outline in the recovery and resilience plan, reflecting progress on the implementation of the investments and reforms.”
Von der Leyen is traveling to Warsaw on Thursday to publicly announce the deal.
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Under the plan Poland will receive 23.9 billion euros in grants and 11.5 billion euros in cheap loans over several years to support the implementation of measures outlined in the country’s plan.
President of the European Commission Ursula von der Leyen stated that “The approval of this plan is linked to clear commitments by Poland on the independence of the judiciary, which will need to be fulfilled before any actual payment can be made.”
The proposal must now be approved by EU members within four weeks. After which the commission will authorize disbursements of the funds based on “the satisfactory fulfillment of the milestones and targets outline in the recovery and resilience plan, reflecting progress on the implementation of the investments and reforms.”
Von der Leyen is traveling to Warsaw on Thursday to publicly announce the deal.
The post European Commission conditionally approves Poland recovery plan upon judiciary reforms appeared first on JURIST - News.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.