Poland not off the hook yet in EU Unicredito proceedings

"I am optimistic about resolving this case," he told reporters after meeting with European Union Competition Commissioner Neelie Kroes. Last week Poland signed a deal resolving the conflict with Unicredito after weeks of holding up the merger. However the deal did not put an end to the EU's proceedings against Poland, begun in March, for allegedly blocking the free movement of capital. On Tuesday, European Commission officials hinted that despite the agreement the EU may continue legal action. "Commissioner Kroes told [Szalamacha] it is too early to take a position on whether or not to pursue the case," Kroes' spokesman, Jonathan Todd, told Reuters. If found to be in breach of EU rules, Poland could face huge fines. (WBJ)