- Jul 13, 2005
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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.
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.