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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

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Polish PM confirms readiness to veto EU budget

11/27/2020 | 07:53am EST
FILE PHOTO:  EU leaders summit in Brussels

WARSAW (Reuters) - Polish Prime Minister Mateusz Morawiecki confirmed to German Chancellor Angela Merkel on Friday that Poland was ready to veto the new European Union budget in a dispute over EU efforts to link the allocation of funds to respect for the rule of law.

The dispute has seen Poland and Hungary block 1.8 trillion euros (1.61 trillion pounds) worth of EU funds, including hundreds of billions due to be disbursed soon to help pull the bloc out of a double-dip recession caused by a second wave of COVID-19.

"I... reaffirmed our readiness to veto the new budget if we do not find a solution that is good for the EU as a whole, not just for some of its members," Morawiecki wrote on his Facebook page.

The European Union is currently investigating the nationalist governments of Poland and Hungary for undermining the independence of their judiciaries and media. Brussels has sought to attach conditions to the disbursement of EU cash.

"Today I told the (German) chancellor that Poland expects further work to find a solution as soon as possible that would guarantee the rights of all Member States and respect treaty procedures," Morawiecki wrote.

On Thursday he held talks in Budapest with Hungarian Prime Minister Viktor Orban. The two allies issued a joint declaration saying the EU could not attach rule-of-law conditions to funds unless the bloc changed its founding treaty.

Polish government spokesman Piotr Muller told state-run news agency PAP on Friday Morawiecki had sent European Commission President Ursula von der Leyen a second letter concerning the attempt to link the funds to rule-of-law concerns.

(Reporting by Alan Charlish and Pawel Florkiewicz; Editing by Gareth Jones)


© Reuters 2020
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Financials (USD)
Sales 2020 83 625 M - -
Net income 2020 27 031 M - -
Net cash 2020 61 302 M - -
P/E ratio 2020 26,8x
Yield 2020 -
Capitalization 716 B 716 B -
EV / Sales 2020 7,83x
EV / Sales 2021 6,13x
Nbr of Employees 56 653
Free-Float 83,8%
Chart FACEBOOK INC
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Facebook Inc Technical Analysis Chart | FB | US30303M1027 | MarketScreener
Technical analysis trends FACEBOOK INC
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 49
Average target price 320,84 $
Last Close Price 251,36 $
Spread / Highest target 49,2%
Spread / Average Target 27,6%
Spread / Lowest Target -22,4%
EPS Revisions
Managers and Directors
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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