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

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.

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