No chance for early euro adoption

31st July 2009

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The government no longer expects Poland to enter the Euro zone in 2012, Deputy Finance Minister Ludwik Kotecki said Wednesday.


Kotecki announced that the government is now considering various timetables for introducing the Euro. A decision will be announced in August once the government has prepared its economic forecast for 2010.

"In August, the government will publish a strategic framework for introducing the Euro in Poland. We can say today that it will not be in 2012, as was stated in the road map prepared by the government nine months ago," Kotecki told Dziennik.

Due to its budget situation, Poland no longer fulfils the fiscal criteria for joining the Euro zone, which has made ...