Poland not planning to adopt the euro in 2015

[JEDIYoda]

I can tell you from personal experience and owning property in Poland and having a brother in Law who is one of the richest men in Poland that Poland will never adopt the Euro.
Presently the polish Zloty is as strong as it was 15+ years ago.
Also Poland continues to be the only European country to have avoided a decline in the GDP.
There is really no reason for Poland to convert to the Euro.
Poland as a country has always been wary of converting the Zloty.....


http://news.yahoo.com/poland-not-planning-adopt-euro-102006471.html

WARSAW, Poland (AP) -- Government officials say that Poland is not intending to adopt the European currency in 2015 but should meet the main financial criteria for admission that year.

Finance Minister Jacek Rostowski said Monday in Brussels that Poland has "no intention to enter (the eurozone) in 2015 but we definitely want to meet the fiscal criteria then."

Rostowski said that in 2015 Poland's deficit should be brought down to under 1 percent of GDP, from 5.6 percent in 2011. That would mean meeting the most demanding criteria for conversion of the local currency, the zloty, to the euro.

Rostowski and Prime Minister Donald Tusk spoke at a news conference following the European Union summit.

Tusk said that a conversion in 2015 would not be realistic.

 

[Anarchist420]

I agree. I still think the Euro could be in a better position than the USD in the long run, however.

 

[Fern]

-snip-
There is really no reason for Poland to convert to the Euro.

Yeah, I'm inclined to strongly agree.

If Poland is going as strong as it sounds joining the Euro zone looks like a poor decision given the current situation.

Fern

 

[gevorg]

So any finance whiz here knows how to benefit from this via some etf/index/etc? Short euro, Poland will own all? :hmm:

 

[Whiskey16]

Poland does not have an economy that may be upon economic par with the stronger European economies.

For its longterm economic health it should not join the Eurozone, nor should the Eurozone welcome Poland. The Eurozone expanded too quickly and was too welcoming of subpar economies.

 

[lopri]

Fail to see the news-worthiness of this "news."