Friday, January 27, 2012

Troubles with that fiscal compact treaty

Poland is being troublesome again. (Not that it ever lasts too long but while they grumble people listen.)
Donald Tusk, Poland's prime minister, is threatening to keep his country out of the nearly-finalised treaty on greater economic discipline, in a dispute over the right to attend eurozone summits.
Poland is insisting that it should be allowed to attend eurozone summits even though it is not expected to adopt the euro for several years. Tusk told Polish radio on Tuesday (24 January): “If Poland does not win an appropriate status of participant in the eurozone meetings, which would give us a feeling that we take part in the decision-making process, ...we will find it difficult to sign the fiscal pact.”
While it is not unreasonable for the Polish Prime Minister to demand those rights but he is not going to get them. Poland is not in the eurozone and that is the way the colleagues will regard the matter. Mr Tusk should have foreseen this problem when he first agreed to the proposed "treaty", which, as we know is not a treaty because that was "vetoed" by the Boy-King.

He has been lecturing the colleagues on something or other at Davos but even now he will not do the right thing and that is demand a full IGC and a completely new treaty. As CNN reports
Hungary, Sweden and the Czech Republic also expressed reservations about treaty change -- but left the door open, pending parliamentary debate.
Whether anything comes of those reservations is a moot point but it is good to know that somebody will have parliamentary debates about the new proposals.

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