Eurozone misunderstanding

4th February 2012

Rostowski was quick to stop rumours that Poland wished to join the eurozone in 2015

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There was confusion this week in Brussels when the new president of the European Parliament Martin Schulz misunderstood a comment about Poland joining the single currency in 2015.

Prime Minister Donald Tusk and Finance Minister Jacek Rostowski were attending the EU fiscal pact informal summit when the incident took place.

“I can understand the attitude of the Polish PM when he declares he wants to join the eurozone by 2015,” said Mr Schulz. “We should stick together. Poland is a dynamic economy and the PM has declared clearly he wants in by 2015.”

However Mr Rostowski was quick to quash speculation.

“Mr Schulz clearly did not understand what was said. Mr Tusk was not talking about accession in 2015,” he stated, adding that the misunderstanding probably arose as the PM often refers to 2015 as the date he wishes to see Poland “fulfill all the criteria” for entrance.

Mr Schulz, who took over as president from Jerzy Buzek this year has since apologised for what has been branded by the finance minister as “a storm in a tea cup”.

“I can see this has caused some problems and that was not my intention,” said the new president.

Readers Comments

Saving the Euro utilmalety requires fiscal union. It would make Germany, the main pay master and by far the main power in Europe even shoving France into subservience. It would only be a matter of time before half of Europe realises it is effectively being ruled from Berlin via Brussels, i.e. club Med, with these countries having to accept directives over how to run their economies. Would Germans and North Europeans be willing to see their taxes diverted to the South in ever larger amounts and would the south be willing to effectively cede sovereignty for a very long time, maybe permanently - all to save the Euro? You can just see the headlines in the populist press: German bail-outs achieve what the panzer divisions never could Indeed, fiscal union would merely pushes the problem somewhere else and could fester strident nationalism. The long term prognosis for the Euro is not good!

Vimal - PWVjVhJS
at 2012-02-24 13:16:54

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