The government Tuesday failed to adopt a plan laying out a path to adopting the single European currency after the measure was blocked by the Polish People's Party (PSL), the junior partner in the ruling coalition, according to press reports.
The PSL is angry the Civic Platform (PO), its senior partner in the coalition, did not consult it before announcing the government’s public finance reform plan on Friday, particularly over taxes for farmers, state broadcaster TVP reported.
A finance ministry source told the PAP news agency Monday that under the new plan on the euro, the government aimed to have a public finance sector deficit of 7% of GDP this year, a figure it wants to reduce to 3% in 2012 or 2013.
This would allow Poland to be ready to adopt the euro in 2014 or 2015, the unnamed source said.