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Poland & EU Agree On Road Map To Release Suspended Recovery Funds

  • Poland has struck a deal with the European Commission and will make significant concessions to secure access to EUR35.4bn in suspended EU recovery funds, Onet reports this morning. A key draft bill has already been tabled to parliament overnight. The news portal has seen a ten-point plan agreed by Warsaw and Brussels, which provides for the unwinding of most of Poland's controversial reforms of the judiciary. Bowing to pressure from the EU may put the ruling Law and Justice on a collision course with its coalition partner Solidarna Polska, but sources told Onet that the legislation required by Brussels may be passed with the support of the opposition.
  • The ruling coalition defeated a no-confidence motion against Justice Minister Ziobro by 228 votes to 226, as opposition parties failed to muster 231 lawmakers needed to deprive the leader of the Solidarna Polska party of his Cabinet portfolio.
  • Local data highlights today include October trade balance and current account balance, both due at 1300GMT/1400CET.

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