Free Trial

Reports Suggest EU To Release Blocked Funds, EURPLN Sharply Lower

POLAND
  • EU SET TO RELEASE BLOCKED FUNDS TO POLAND AS EARLY AS NEXT WEEK (BBG)
  • According to the Bloomberg report:
  • The European Union is poised to release €6.3 billion ($6.8 billion) in post-pandemic aid to Poland as early as next week in a major vote of confidence in the new government’s ability to mend ties with Brussels.
  • The European Commission is set to accept a package of recent political commitments as sufficient to trigger the first payment from almost €60 billion in grants and loans that have remained blocked over rule-of-law concerns, according to people familiar with the discussions who spoke on condition of anonymity.
  • EURPLN ticking lower on the headline trading below 4.3150 in recent trade from prior session highs of around 4.33.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.