WARSAW, March 10 (Reuters) – Poland will be able to use profits from central bank gold and foreign exchange reserves instead of EU loans to boost military spending, according to a bill proposed by the president on Tuesday that drew a rebuke from Prime Minister Donald Tusk.
Poland was the biggest beneficiary of the EU’s 150-billion-euro Security Action for Europe (SAFE) initiative, but the nationalist opposition Law and Justice party (PiS) labelled it a German plot to meddle in Polish affairs that would saddle Warsaw with debt and limit its flexibility regarding arms purchases.
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President Karol Nawrocki, an ally of PiS, has proposed a plan to use Polish funds instead of the European Union loans.
Polish president’s rival bill heats up spat over EU defence scheme
