Free Trial
EURGBP TECHS

Trend Outlook Remains Bearish

US

FED Reverse Repo Operation

CANADA

CIBC On Inflation Report (Aug 16, 0830ET)

SECURITY

Iranian FM Hints At Positive JCPOA Resolution

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Poland Opposed to Mandatory Gas Cuts

NATURAL GAS

Poland wants a possible decision on mandatory gas cuts by the EU to be voted on unanimously rather than by a qualified majority vote according to Polish Prime Minister Mateusz Morawiecki this week.

  • "We absolutely favour such a vote in this matter - due to the fact that it concerns electricity, the energy mix - being in the mode of so-called unanimity, where Poland has the right to veto. We demand it," he told private broadcaster Polsat News.
  • EU countries approved a 15% voluntary gas reduction plan on Tuesday that would be mandatory in emergency supply situation. The plan is now set to be vote upon.
  • "If the EU tries to coerce us into voting by qualified majority, we will protest strongly. If necessary, we will make a formal veto, and then, unfortunately, the attitude to this veto will depend on decisions of the bodies of the European Union." He said.
151 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Poland wants a possible decision on mandatory gas cuts by the EU to be voted on unanimously rather than by a qualified majority vote according to Polish Prime Minister Mateusz Morawiecki this week.

  • "We absolutely favour such a vote in this matter - due to the fact that it concerns electricity, the energy mix - being in the mode of so-called unanimity, where Poland has the right to veto. We demand it," he told private broadcaster Polsat News.
  • EU countries approved a 15% voluntary gas reduction plan on Tuesday that would be mandatory in emergency supply situation. The plan is now set to be vote upon.
  • "If the EU tries to coerce us into voting by qualified majority, we will protest strongly. If necessary, we will make a formal veto, and then, unfortunately, the attitude to this veto will depend on decisions of the bodies of the European Union." He said.