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.

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