EC suspends deficit procedure for Poland
The European Commission has decided to temporarily suspend the Excessive Deficit Procedure toward Poland, the EC said in a press release on Monday. A similar decision was issued in the case of Croatia.
“Poland was recommended to reach a headline deficit of 4.8% of GDP in 2013, 3.9% of GDP in 2014 and of 2.8% of GDP in 2015 (excluding the impact of the asset transfers from the second pillar pension system),” the Commission said. The deadline was April 15.
“According to the Commission's assessment, Poland has met the recommended headline balance, as well as the recommended change in the structural balance in 2014,” the press release said.
