Brussels accuses Poland of cooking its books

9 July 2012

Brussels has called on Poland to cease manipulating the national debt level, adding the demand to the recent economic recommendations. The European Commission has approved a document that asks Poland to discontinue the practice of keeping two sets of debts statistics: national ones and European ones. The EU is pushing for Poland to focus only on the regulations recommended by European Commision, and calls the current practice a manipulation.
ā€œUsing the two measures of the national debt is against EU standards and reduces the transparency of Poland’s public finances,ā€ said EC’s representative. ā€œWe hope Poland will begin unifying its statistics.ā€ Poland has been estimating its debt this way for years, even though problem arise when the two figures fail to meet. ā€œOf course, we’re aware the situation is not a coincidence,ā€ wrote the EC, suggesting that the government in Warsaw is hoping to be able to avoid sharp budget cuts. ā€œWe hope that now, when Poland’s condition is improving, it will begin the process of codification,ā€ writes the EC.