Polish central bank sees independence under threat

POLAND - Poland's government threw down the gauntlet in its fight with the central bank yesterday by backing legislation that, if signed into law, would compromise its independence.

EU officials have warned they would view critically any moves to limit the independence of the central bank as Poland prepares for membership in 2004 and possible adoption of the euro later.

"The Maastricht treaty calls on central banks to ensure price stability as their key target," Ernst Welteke, Bundesbank

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