Current:Home > MarketsEU releasing 5 billion euros to Poland by year’s end as new government works to restore rule of law -Summit Capital Strategies
EU releasing 5 billion euros to Poland by year’s end as new government works to restore rule of law
View
Date:2025-04-17 08:48:26
BRUSSELS (AP) — The European Union will by year’s end transfer to Poland the first 5 billion euros in funding that was frozen over democratic backsliding under the previous government, the new Polish prime minister and the European Commission president said Friday.
The money is part of a larger tranche that was held up due to laws passed by the previous national conservative government that eroded the independence of judges — something that the EU deemed to be a violation of the democratic separation of powers.
Polish Prime Minister Donald Tusk said the 5 billion euros ($5.5 billion) was arriving symbolically in time for Christmas. The money is aimed at helping EU nations recover from the energy crisis that followed Russia’s invasion of Ukraine last year, and reduce their dependence on Russian fossil fuels.
“This is not just a gift. This is serious money earmarked for our energy sovereignty and we will try to spend this money very quickly and wisely,” he said at a news conference alongside EU Commission President Ursula von der Leyen on the sidelines of a summit of the 27 member states.
The money will start to flow due to pledges by Tusk’s government to restore the rule of law but more steps have to be taken before it is all released. Tusk and his coalition partners won Poland’s national election pledging to restore rule of law and democratic values.
“We know that the rule of law is very important. It is about our place in Europe. It is about our common values,” Tusk said.
He added that Polish lawyers, prosecutors, judges and citizens “never agreed to Poland without the rule of law. And everyone in their capacity was trying to address this issue.”
Von der Leyen expressed her satisfaction.
“I welcome your commitment to put the rule of law at the top of your government agenda and your determination to address all the concerns that have been expressed over the last years by the European Court and by the Commission,” she said.
veryGood! (536)
Related
- Louvre will undergo expansion and restoration project, Macron says
- Powerball winning numbers for June 15: Jackpot now worth $44 million
- 6 injured in shooting at home in suburban Detroit
- A search for a biological father, and the surprise of a lifetime
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- 2024 US Open highlights: Bryson DeChambeau survives at Pinehurst to win second career major
- German police shot a man allegedly threatening them with an ax in Euro 2024 host city Hamburg
- Northeast and Midwest prepare for dangerously hot temperatures and heat dome
- Trump wants to turn the clock on daylight saving time
- Missouri woman's conviction for a murder her lawyers say a police officer committed overturned after 43 years
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- Police arrest man in murder of Maryland mom Rachel Morin
- On Father's Day, a dad cherishes the child he feared infertility would prevent
- Princess Kate turns heads in Jenny Packham dress amid return for Trooping the Colour event
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Stanley Cup Final Game 4 recap, winners, losers as Oilers trounce Panthers, stay alive
- Doubling Down with the Derricos’ Deon and Karen Derrico Break Up After 19 Years of Marriage
- How Maluma, Tom Brady and More Stars Are Celebrating Father's Day 2024
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
George Strait breaks record for largest ticketed concert in US with nearly 111K in attendance
Cheers to Anderson Cooper and Andy Cohen's Cutest Dad Moments
Prosecutor declines filing charges in ATF shooting of Little Rock airport director
B.A. Parker is learning the banjo
Nashville court grapples with details on school shooter that were leaked to media
US aircraft carrier counters false Houthi claims with ‘Taco Tuesdays’ as deployment stretches on
Democrat-controlled Vermont Legislature attempts to override Republican governor’s vetoes