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Polish deputies back bill to unlock EU cash stream

04.05.2021 21:42
Polish deputies on Tuesday approved a key bill needed to unlock a stream of cash from Brussels, including money to help the economy bounce back from the coronavirus crisis.
The Polish parliament in session on Tuesday.
The Polish parliament in session on Tuesday. Photo: PAP/Rafał Guz

The bill, which has caused a division in Poland's governing coalition, is essential for the country to receive more than EUR 23 billion in subsidies and over EUR 34 billion in loans from the European Union’s massive COVID-19 recovery fund.

At a special sitting on Tuesday, it was backed by 290 members of the lower house of the Polish parliament, including part of the opposition, while 33 voted against it and 133 abstained.

Prime Minister Mateusz Morawiecki thanked those deputies "who rose above party-political calculations" to approve the legislation.

EU member states in December gave the green light for the bloc to borrow EUR 750 billion (USD 906 billion) and provide a cash injection for economies left reeling by the coronavirus crisis.

For the ambitious plan to be put into action, all 27 EU member states need to ratify a decision to increase the bloc's resources.

(pk)

Source: PAP/IAR