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Explainer-What the EU's $149 billion boost means for Poland

Polish Prime Minister Donald Tusk has secured the release of funds worth up to 137 billion euros from the European Union, ending years of feuding with Brussels over democratic standards in a boon to central Europe's largest economy. Last December, a coalition of pro-EU parties took power, ousting the nationalist Law and Justice (PiS) party after eight years marked by frequent clashes with the European Commission, notably over judiciary reforms the Commission said harmed the independence of...
Bruxelles Capitale Donald Tusk Karol Badohal Jan Strupczewski Bernadette Baum Mark John
Source: yahoo.com

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World Bank warns emerging economies need to grow 'much faster' to repay debt

The World Bank warned that high borrowing costs have "changed dramatically" the need for developing nations to boost sluggish economic growth. The multilateral lender's latest warning comes as international bond sales from emerging market governments hit an all-time record of $47 billion in January, led by less risky emerging economies such as Saudi Arabia, Mexico and Romania. Kose added that faster growth, especially a real growth rate higher than the real cost of borrowing, co...
Saudi Arabia City Of United Kingdom Alexandra Hudson Libby George Karin Strohecker
Source: yahoo.com

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