Poland's current fiscal situation allows the European Commission to lift the Excessive Deficit Procedure, according to Olli Rehn, the EC's vice president and commissioner for economic and monetary affairs and the euro.
The commission uses this procedure to monitor the fiscal situation of countries with a budget deficit of over 3 percent of GDP. Poland's deficit is now 3.5 percent and the EC may decide that this level is satisfactory.
Mr Rehn explained that the commission may take into account the cost of Poland's pension reform. Poland was put under the monitoring of the Excessive Deficit Procedure in 2009, when its budget deficit was almost 6 percent.
From Warsaw Business Journal
Tusk encouraged to run for European Commission president
Poland's Environment Minister: stop subsidizing energy
EC temporarily approves public aid for LOT
EC grants temporary approval for public aid to LOT
EC demands Poland pay back €80 mln in agricultural subsidies
Is Poland's ruling party finished?
BY Remi Adekoya
Migration and remittances in the euro zone periphery
BY Stratfor Global Intelligence