Govt. outlines euro adoption plan

7th February 2010

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Prime Minister Donald Tusk on Wednesday provided an update on his government's proposed plan for Poland adopting the euro, but opposition from coalition partner PSL appears to be delaying his submitting it to Brussels for approval.

Tusk's cabinet had been expected to approve a revised convergence plan detailing how soon Poland could move towards entering the eurozone, but a dispute over overhauling the country's expensive pension scheme for farmers appears to be a stumbling block.

The government says that overhauling the KRUS retirement system is necessary if Poland is to reduce its deficit to 3 percent of GDP, which is a requirement for entering the EMR2, an initial stage in the Euro ...