FinMin: Poland's joining euro-zone before 2020 is highly unlikely

By bne IntelliNews April 22, 2014

Poland's entering the euro-zone before 2020 is a highly unlikely scenario, according to minister of finance Mateusz Szczurek. Taking on the euro should be considered when Poland will gain from this move and when it is safe for its economy, he added.
A month ago, PM Donald Tusk said that Poland will take on the euro when this move is perfectly safe for Poland, i.e. when Poland is fully-prepared for this step.
Earlier in March, governor of the National Bank of Poland (NBP) Marek Belka said that the current crisis in Ukraine shows that it is worthwhile to additionally invest in the European Union and possibly also have another look at the question of Poland's joining the euro-zone.
For nearly a year, Poland has been fulfilling two of convergence criteria required of bidders for the euro-zone: of inflation and long-term interest rates (but not fiscal and FX criteria).
When Poland joined the European Union in 2004, it obliged itself to take on the euro, but with no time restraints.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Poland claims there will be “no taboo” in talks with Erdogan

Poland will skip no touchy topics in talks with President Recep Tayyip Erdogan, visiting Warsaw on October 17, the office of President Andrzej Duda said ahead of the visit by the Turkish leader, ... more

Polish anti-trust office clears PGE to take over EDF’s local energy assets

The Polish anti-monopoly body UOKiK has cleared the state-controlled power conglomerate PGE to take over the Polish assets of French peer EDF on condition that power from one acquired ... more

Poland reportedly defies EU court injunction on logging in Unesco-listed forest

Poland will not comply with the Court of Justice of the European Union’s injunction on logging in the ancient Bialowieza Forest, a newswire report claimed on August 4. Warsaw’s stance in ... more

Most Read

  1. Moldova's Ascom moves ahead with recovering $500mn from Kazakh state
    7 days ago
  2. INTERVIEW: The quiet thunder of Ruben Vardanian
    9 days ago
  3. INTERVIEW: de Villepin says Ukraine should declare itself neutral
    9 days ago
  4. KRUK REPORT: Is Ukraine changing its Donbas policies?
    4 days ago
  5. MOSCOW BLOG: Russia’s import substitution has not been a great success
    7 days ago
  1. STOLYPIN: Russia balances wargames with mindgames in Zapad exercises
    27 days ago
  2. Russia to bring in record breaking harvest of 127mn tonnes
    18 days ago
  3. Investors ask which Russian bank domino will be the next to topple
    24 days ago
  4. Eastern Europe’s blockchain revolution
    12 days ago
  5. INTERVIEW: de Villepin says Ukraine should declare itself neutral
    9 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss