Poland is not afraid of losing EU funds, Prime Minister Mateusz Morawiecki said after the European Commission warned that Poland could lose most of its development funds if the judicial system is not reformed, Reuters reported.

An EC spokesman said the country could lose most of its €75 billion in development funds given that Warsaw does not meet democratic standards of judicial independence.

"I do not think that the funds from the EU - the cohesion funds, the agricultural funds, and the funds for innovations and others - are at risk," Mateusz Morawiecki said at a news conference. "The first funds are already flowing in. Maybe these are not large funds...most likely in the next few months, most likely the first advanced payments will be released," he said.