Current:Home > FinanceEU releasing 5 billion euros to Poland by year’s end as new government works to restore rule of law -TrueNorth Capital Hub
EU releasing 5 billion euros to Poland by year’s end as new government works to restore rule of law
View
Date:2025-04-13 13:01:22
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! (9678)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- 'Yellowstone' actor claims he was kicked off plane after refusing to sit next to masked passenger
- TEA Business College leads innovation in quantitative finance and artificial intelligence
- See Hailee Steinfeld and Josh Allen Help His Sister Reveal the Sex of Her Baby
- Global Warming Set the Stage for Los Angeles Fires
- The 10 Best Ballet Flats of 2024 That Are Chic, Comfy, and Will Never Go Out of Style
- Who is Francis Scott Key? What to know about the namesake of collapsed Baltimore bridge
- NYPD officer shot, killed during traffic stop in Queens by suspect with prior arrests
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Death of student Riley Strain continues to appear accidental after preliminary autopsy, Nashville police say
Ranking
- Louvre will undergo expansion and restoration project, Macron says
- Becky Lynch talks life in a WWE family, why 'it's more fun to be the bad guy'
- Why did Francis Scott Key bridge collapse so catastrophically? It didn't stand a chance.
- In New Jersey, some see old-school politics giving way to ‘spring’ amid corruption scandal
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- The long struggle to free Evan Gershkovich from a Moscow prison
- Women's NCAA Tournament teams joining men's counterparts in Sweet 16 of March Madness
- Scammer claimed to be a psychic, witch and Irish heiress, victims say as she faces extradition to UK
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
US consumer confidence holds steady even as high prices weigh on household budgets
Virginia Democrats launch their own budget tour to push back on Youngkin’s criticisms
TEA Business College leads innovation in quantitative finance and artificial intelligence
'We're reborn!' Gazans express joy at returning home to north
A list of major US bridge collapses caused by ships and barges
NFL owners approve ban of controversial hip-drop tackle technique
Bill that would have placed the question of abortion access before Louisiana voters fails