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The Warsaw Voice » Business » November 19, 2008
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Gov't Still Set on Early Euro Entry
November 19, 2008   
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0.3 percent is how much the world's most industrialized economies will contract next year, according to a forecast by the International Monetary Fund.

Prime Minister Donald Tusk believes that the Polish economy will become much safer once Poland has entered the euro zone and so no effort should be spared to make sure this happens as early as possible. "We are still aiming at 2012 as the date for euro adoption in Poland," said Michał Boni, head of the team of advisers to the prime minister.

Earlier, the RMF FM radio station, quoting sources at the Prime Minister's Office, reported that Tusk did not rule out setting a later date for euro adoption if the opposition Law and Justice (PiS) party agreed in return to support constitutional amendments Poland has to make before euro zone entry. One of the provisions which have to be amended is the one saying that the Polish currency is issued by the National Bank of Poland.

Tusk said in Paris Nov. 13 he would do whatever he can to convince the opposition that the euro should be adopted as early as possible. "Everyone understands that entry to the euro zone is a question of Poland's future strategic security," Tusk said and added he hoped PiS leader Jarosław Kaczyński would understand that.

PiS is the only party in Poland opposed to amending the constitution. Its leader Kaczyński has demanded that a referendum should first be held to ask voters whether they want Poland to adopt the single European currency.

The ruling coalition of the Civic Platform and Polish People's Party has not decided yet whether to hold such a referendum. But the government agrees with the governor of the central bank that it would be safer to amend the constitution before Poland enters ERM2, a move needed before euro adoption.
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