Adam Glapiński, the Governor of the Polish Central Bank has stated that he intends to write to Polish Prime Minister Donald Tusk to end their feud over a potential tribunal case that seeks his removal, according to a report by British daily, Financial Times (FT).
Tusk’s pro-EU government accuses the Central Bank Governor Glapiński of breaking constitutional rules with a bond-buying program and misleading the finance ministry, according to a motion to bring him before a state tribunal.
According to the U.K. newspaper, PM Tusk’s government has said that the bank governor “abused his powers to try to help the [then ruling - TVP World] PiS party” get the maximum number of votes in last October’s election. Glapiński, 73, who considers PiS leader Jarosław Kaczyński a friend, took up a second six-year term at Poland’s central bank.
In his bid to rid the state apparatus of PiS loyalists, the newspaper reports that the Tusk government is leading the charges leveled against Glapiński. Meanwhile, the Polish constitutional court, which is entirely filled with judges appointed by PiS, stated in its January ruling that “Tusk’s coalition lawmakers could not make the governor appear before a tribunal.”
However, the Polish PM has said that the court ruling will not deter his coalition government from taking the bank governor to a tribunal. The coalition’s MPs have recently drafted charges against Glapiński—which he denies—“relating to alleged wrongdoings, including the unlawful buying of government bonds and misleading accounting,” FT writes.
Just one month before the last Polish parliamentary election in October 2023, the country’s top bank cut interest rates by 0.75 percentage points when inflation was still in double digits. The current coalition government believes that cutting interest rates at the time was motivated politically.
Poland’s Deputy Prime Minister Krzysztof Gawkowski has said that the coalition government had collected the 115 signatures required for the 68-page motion to oust Glapiński, who denies wrongdoing, to be submitted to the parliament speaker.
The motion will be investigated by a parliamentary commission before going to a vote by the full chamber. If convicted by a state tribunal, Glapiński, whose mandate expires in 2028, could lose his job and, possibly, be banned from running for office or holding managerial positions.
Glapiński’s deputy has said that the governor will not resign, as it could be perceived as an “admission of guilt.”
According to the U.K. newspaper, PM Tusk’s government has said that the bank governor “abused his powers to try to help the [then ruling - TVP World] PiS party” get the maximum number of votes in last October’s election. Glapiński, 73, who considers PiS leader Jarosław Kaczyński a friend, took up a second six-year term at Poland’s central bank.
In his bid to rid the state apparatus of PiS loyalists, the newspaper reports that the Tusk government is leading the charges leveled against Glapiński. Meanwhile, the Polish constitutional court, which is entirely filled with judges appointed by PiS, stated in its January ruling that “Tusk’s coalition lawmakers could not make the governor appear before a tribunal.”
However, the Polish PM has said that the court ruling will not deter his coalition government from taking the bank governor to a tribunal. The coalition’s MPs have recently drafted charges against Glapiński—which he denies—“relating to alleged wrongdoings, including the unlawful buying of government bonds and misleading accounting,” FT writes.
Just one month before the last Polish parliamentary election in October 2023, the country’s top bank cut interest rates by 0.75 percentage points when inflation was still in double digits. The current coalition government believes that cutting interest rates at the time was motivated politically.
Poland’s Deputy Prime Minister Krzysztof Gawkowski has said that the coalition government had collected the 115 signatures required for the 68-page motion to oust Glapiński, who denies wrongdoing, to be submitted to the parliament speaker.
The motion will be investigated by a parliamentary commission before going to a vote by the full chamber. If convicted by a state tribunal, Glapiński, whose mandate expires in 2028, could lose his job and, possibly, be banned from running for office or holding managerial positions.
Glapiński’s deputy has said that the governor will not resign, as it could be perceived as an “admission of guilt.”
Source: ft.com, Reuters
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