MPC wants Poland to join euro-zone after its crisis is overcome.

By bne IntelliNews October 1, 2012
Poland's participation in the ERM II and the euro area should be considered after the financial crisis in the euro area countries has been overcome, under the conditions that would allow for the maximization of benefits offered by currency integration and minimization of its costs, according to the 2013 monetary policy guidelines of the Monetary Policy Council (MPC). Since joining the EU, Poland has been obliged to strive for full participation in the third stage of the Economic and Monetary Union (EMU), which has to be preceded by joining the exchange rate mechanism ERM II, the central bank stressed. When Poland joined the European Union in 2004, it obliged itself to take on the euro, but with no time restraints. The current government, which initially targeted joining the euro-zone in 2011-2012, now avoids declaring a new target date.

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