Poland and its future in the eurozone.

2 Nov 2011

The prospect of Polish adoption of the euro became “clearer” after last summit of European leaders in Brussels. Polish central bank Governor Marek Belka is sure of it “even if we don’t want to name an entry date immediately.” The euro-area is moving toward closer political union, and Poland will “one day enter a new, different eurozone that carries the traits of a federation more than it does today,” said the Governor.
But a new poll finds that opinion continues to turn against adopting the single European currency.  Fifty three percent of respondents told the OBOP pollsters that accession to the eurozone will be unfavourable for Poland.
Sixty five percent think that adopting the euro will have a negative impact on their household and 49 percent said they thought the single currency would have a negative effect on the economy. Only 22 percent thought the euro would be positive for the economy, 11 percent that it would have no effect and 18 percent answered “don’t know”. In 2007 the government said that they aimed to join the eurozone by 2012, but the finance crisis and debt levels forced to delay the plans.

Full Interview – Der Spiegel –

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