Parliament of Poland votes to investigate central bank's privatization decisions

Parliament of Poland votes to investigate central bank's privatization decisions

Poland's parliament voted Friday to set up a panel to investigate decisions by the country's central bank on foreign takeovers of financial institutes since the fall of communism.

Lawmakers voted 251-168 to set up the 10-member commission. Pressure for the panel comes amid a clash between the European Union and the Polish government, which has blocked Italian bank UniCredit's takeover of Poland's BPH bank the nation's third-largest as part of its acquisition of Germany's HVB Group that UniCredit acquired last year in an Ђ 18 billion deal, reports the AP.

D.M.