
European Union law protects the head of Poland’s National Bank if the next government in Warsaw intends to impeach or remove him from office, European Central Bank President Christine Lagarde said in a letter sent on Monday, Reuters reported, according to Agerpress.
A coalition of pro-European parties, which won a majority of seats in Poland’s parliament in October’s election, claims that the head of Poland’s National Bank, Adam Glapinski, changed the institution’s policies to help his allies in the Law and Justice (PiS) party. ) to get a new mandate in the elections.
The coalition’s candidate for prime minister, Donald Tusk, said he has enough votes in the lower house of parliament (the Sejm) to send Glapinski to court, adding that he is considering the possibility.
“The Statute of the ECB and the European System of Central Banks (ESCB), in order to guarantee the independence of national central bank governors, offers protection in the event that the Sejm passes a resolution aimed at impeaching you,” Christine Lagarde wrote in a letter sent to Adam Glapinski. Lagarde added that such an allegation would lead to the automatic removal of Glapinski from both the position of head of the National Bank of Poland and the position of a member of the Governing Council of the ECB, and therefore could be illegal.
“You can refer such a resolution to the Court of Justice of the European Union and ask it to assess its legality,” Lagarde added.
Several members of the Board of Directors of the National Bank of Poland, as well as some members of the monetary policy committee, warned that Glapinski’s indictment could have a negative impact on the Polish economy and assets.
At the same time, Donald Tusk said that his government will do nothing to destabilize the National Bank.
Source: Hot News

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