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The Warsaw Voice » Business » December 3, 2008
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2012 Realistic For Euro Entry: Tusk
December 3, 2008 By L.¯.    
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Prime Minister Donald Tusk, after a meeting with the board of the National Bank of Poland (NBP) and members of the Monetary Policy Council (RPP), said that 2012 is a "fully realistic date" for Poland to adopt the single European currency. He said the government is taking into account the fact that the world is mired in a financial crisis. "We don't yet know its effects on the economy," Tusk added.

The prime minister said that the government would do everything to ensure that the "roadmap" it has adopted for entering the euro is carried out.

However, central bank governor Sławomir Skrzypek said it was important to conduct research and detailed analyses of the potential costs and benefits of Poland adopting the ERM2 system, which would prepare the country for joining the euro zone. "We are fairly advanced on a lot of the questions concerning the single currency, and cooperation between the central bank and the government has greatly improved," said Skrzypek.

Tusk said, "My other task is to convince the Law and Justice party" or (PiS), Poland's main opposition party, which is against rapid euro adoption. "I would like its leaders to tell us what needs to be done for them to join us in this project," Tusk added.

Prof. Dariusz Filar, a Monetary Policy Council member, said that the meeting with Tusk had taken place in a constructive and professional atmosphere.

The meeting "indicated what must be done, while it was agreed that 2012 is a realistic date, which does not mean that it will be easy to achieve," said Filar. "We will work intensively to make it achievable," he added.
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