European Commission Sues Poland

BELGRADE - The European Commission decided on Thursday to sue Poland in the EU Court of Justice over Warsaw's fail to implement new EU rules on bank deposit guarantee schemes aiming to increase protection of depositors, the Commission said in a statement.

"The Commission sent a reasoned opinion to Poland on 10 December 2015 requesting it to transpose the Directive. The deadline for the transposition of these rules into national law was 3 July 2015. As the legislative process in Poland is still ongoing and full transposition of the new rules has still not occurred, Poland is now being referred to the Court of Justice of the EU (the Court)," the statement reads.

The improved Deposit Guarantee Schemes Directive (DGSD) was adopted by the European Union in summer 2014 to provide reinforced protection for depositors across the bloc.

According to the Polish Radio...