Fiscal summit compromise

4th February 2012

Poland announced this week that it will enter into a fiscal pact with 24 other European Union nations despite not being fully satisfied with the conditions.

PM Donald Tusk made the declaration following Monday’s EU summit in Brussels and stated that while not all of Poland’s demands were met, he deemed the contract in its current form worthy of support.

“The main goal was for Poland to attend the maximum number of meetings. Not only Poland but other countries outside the eurozone,” said the PM on TVN24.

However, this was a wish that was not granted and a compromise was drawn up allowing non-single-currency nations to attend summits regarding issues such as implementation of the pact and competitive issues, but not summits regarding the running of economic policy.

The main opponent against allowing Poland into all summits appears to be France, however Mr Tusk seemed happy with the overall compromise, stating that the objective that had led Poland “had been achieved in significant proportions”.