EU Council to ascertain whether Poland can introduce emergency taxes

EU Commission officials have launched a detailed analysis of the Polish economy so as to estimate whether Poland has the right to limit cooperation with the EU by introducing duties and import tax in order to rescue Poland's public finances. In accordance with the European Agreement which is binding both for Poland and EU member states, in an exceptional situation such as the budget crisis Poland is facing now, it has the right to limit services, goods and capital exchange with the EU. However, such a decision has to be approved by the EU Council following the approval of the European Commission. All limitations can only be introduced for six months. Any extension to this period can only be given on approval from the EC Council. (Rzeczpospolita, p. B1) A.Z.