Poland Pressed Over Democracy as Report Fuels Demonstrations (1)
Saturday,12/03/2016|11:30GMTby
Bloomberg News
Poles took to the streets in Warsaw a day after an international constitution watchdog said the government is endangering...
Poles took to the streets in Warsaw a day after an international constitution watchdog said the government is endangering democracy, deepening the country’s worst political standoff with its Western partners since 1989.
Waving flags and chanting “constitution, constitution,” protesters gathered on Saturday in front of the Constitutional Tribunal, the country’s highest court, to oppose what they see as a dismantling of checks and balances in the European Union’s biggest eastern member. The row is part of the conflict over a power grab by the Law & Justice party since its victory in November’s general election. It’s already triggered Standard & Poor’s unprecedented credit downgrade two months ago and led to the EU’s first probe of a member state’s democracy.
The latest wave of protests was sparked by a report from the Venice Commission, a multilateral group charged with overseeing democracy and human rights, which said the overhaul of the country’s top court imperiled the rule of law and called on the government to abide by the court’s rulings.
Kamila Gasiuk-Pihowicz, a lawmaker from the opposition Nowoczesna party, told a rally in front of the court on Saturday that Poles need to act against what she said was an attempt by the current administration to break the constitution.
“Some of us are worried that we’re going to have a dictatorship here,” she told the crowds before the start of a three-hour march through the streets of Warsaw. “Don’t worry. We’re going to win.”
The conflict began after the ruling party revamped the tribunal last year, making it harder for it to overturn laws. It also stacked the court with its own justices, while President Andrzej Duda, a former member of the party, is ignoring a ruling that ordered him to swear in three judges picked by the previous cabinet.
The government will ask parliament to study the Venice Commission’s report and find a solution to the political stalemate, its spokesman Rafal Bochenek told reporters earlier on Saturday. He appealed to the opposition to help resolve the row “through a political dialog and without negative emotions.”
That comes after Law & Justice leader Jaroslaw Kaczynski, who has eschewed a government post to be the power behind the throne, said earlier this week the commission’s critical assessment amounted to “foreign institutions” seeking to undermine Polish “dignity.”
Democratic Dysfunction
In its report released on Friday, the Venice Commission called on the EU’s biggest eastern member to settle its constitutional crisis by respecting judgments of the tribunal. It added that the ruling party’s changes to court procedures “have endangered not only the rule of law but also the functioning of the democratic system.”
The Constitutional Tribunal on Wednesday also ruled that the changes were illegal and breached its independence. In response, Foreign Minister Witold Waszczykowski likened the head of the court, Justice Andrzej Rzeplinski, to an “Ayatollah who is above the law.” The government has dismissed the verdict as a mere “position of a group of justices” rather than a legal ruling. Bochenek repeated that again on Saturday.
A potential EU penalty for infringements on the rule of law is denying Warsaw the right to take part in the bloc’s decisions, but a collapse in relations with Brussels could also have economic implications. Poland is the biggest net beneficiary of the EU budget and is against the bloc’s plans to reduce carbon emissions, which poses a financial risk to its coal power-based industry if it fails to wins concessions.
(Updates with protests from second paragraph.)
To contact the reporters on this story: Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net, Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net. To contact the editors responsible for this story: Balazs Penz at bpenz@bloomberg.net, Wojciech Moskwa, John Deane
Poles took to the streets in Warsaw a day after an international constitution watchdog said the government is endangering democracy, deepening the country’s worst political standoff with its Western partners since 1989.
Waving flags and chanting “constitution, constitution,” protesters gathered on Saturday in front of the Constitutional Tribunal, the country’s highest court, to oppose what they see as a dismantling of checks and balances in the European Union’s biggest eastern member. The row is part of the conflict over a power grab by the Law & Justice party since its victory in November’s general election. It’s already triggered Standard & Poor’s unprecedented credit downgrade two months ago and led to the EU’s first probe of a member state’s democracy.
The latest wave of protests was sparked by a report from the Venice Commission, a multilateral group charged with overseeing democracy and human rights, which said the overhaul of the country’s top court imperiled the rule of law and called on the government to abide by the court’s rulings.
Kamila Gasiuk-Pihowicz, a lawmaker from the opposition Nowoczesna party, told a rally in front of the court on Saturday that Poles need to act against what she said was an attempt by the current administration to break the constitution.
“Some of us are worried that we’re going to have a dictatorship here,” she told the crowds before the start of a three-hour march through the streets of Warsaw. “Don’t worry. We’re going to win.”
The conflict began after the ruling party revamped the tribunal last year, making it harder for it to overturn laws. It also stacked the court with its own justices, while President Andrzej Duda, a former member of the party, is ignoring a ruling that ordered him to swear in three judges picked by the previous cabinet.
The government will ask parliament to study the Venice Commission’s report and find a solution to the political stalemate, its spokesman Rafal Bochenek told reporters earlier on Saturday. He appealed to the opposition to help resolve the row “through a political dialog and without negative emotions.”
That comes after Law & Justice leader Jaroslaw Kaczynski, who has eschewed a government post to be the power behind the throne, said earlier this week the commission’s critical assessment amounted to “foreign institutions” seeking to undermine Polish “dignity.”
Democratic Dysfunction
In its report released on Friday, the Venice Commission called on the EU’s biggest eastern member to settle its constitutional crisis by respecting judgments of the tribunal. It added that the ruling party’s changes to court procedures “have endangered not only the rule of law but also the functioning of the democratic system.”
The Constitutional Tribunal on Wednesday also ruled that the changes were illegal and breached its independence. In response, Foreign Minister Witold Waszczykowski likened the head of the court, Justice Andrzej Rzeplinski, to an “Ayatollah who is above the law.” The government has dismissed the verdict as a mere “position of a group of justices” rather than a legal ruling. Bochenek repeated that again on Saturday.
A potential EU penalty for infringements on the rule of law is denying Warsaw the right to take part in the bloc’s decisions, but a collapse in relations with Brussels could also have economic implications. Poland is the biggest net beneficiary of the EU budget and is against the bloc’s plans to reduce carbon emissions, which poses a financial risk to its coal power-based industry if it fails to wins concessions.
(Updates with protests from second paragraph.)
To contact the reporters on this story: Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net, Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net. To contact the editors responsible for this story: Balazs Penz at bpenz@bloomberg.net, Wojciech Moskwa, John Deane
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We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
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We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
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We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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🔹Why ultra-low latency must be proven with data, not buzzwords
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👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
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👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
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- Exness’s marketing approach in South Africa
- What makes their trading product stand out
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- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates