PM: Poland to get ready for euro by 2015, delay due to global crisis.

By bne IntelliNews December 17, 2009
Poland will be ready to adopt the euro in 2015 as it will have fulfilled all the Maastricht criteria required for the euro-zone, but the actual decision on taking on the single currency will depend not only on Poland, but also on its European partners: the European Central Bank and the European Commission, PM Donald Tusk has told the ISB news agency. The year 2012 as the date of the euro-zone entry was an ambitious goal and if it was not for the global crisis and our currency's volatility which were seen in early 2009, the Premier added. Tusk stressed that in five years' time, Poland would have fulfilled the public debt criterion and the next 3-4 years would allow to verify whether this goal was achieved for good. Last week, Tusk said in his interview with information TV channel France 24 that a "very realistic" date for Poland's euro adoption is the year 2015. Before the global financial crisis, Tusk's government aimed at taking on the euro in 2012, but later abandoned this ambition. It is worthwhile to note that this date is broadly in line with most domestic and foreign experts' forecasts, who mention 2014-2015 as the possible euro-zone entry time. ISB

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335