Poland shouldn’t rush to set date for euro adoption - President
January 23, 2013
Polish President Bronislaw Komorowski
Poland should decide whether to join the euro zone after the parliamentary and presidential elections in 2015, President Bronislaw Komorowski told public broadcaster TVP1, highlighting that the country’s present government should not rush with the deadline for the common currency adoption.
“Before that we should focus on meeting the euro adoption criteria, the Polish President said. Government officials have said recently that Poland will likely meet euro-entry criteria in 2015.
Komorowski said he would discuss the euro adoption strategy with PM Donald Tusk. He also said he considered convening a Cabinet Council to debate the issue.
Under the country’s constitution, the president may convene a Cabinet Council in particularly important matters. The Council is composed of the Council of Ministers chaired by the president.
Poland, which joined the European Union in 2004, is obliged to adopt the euro at some point in the future. The Polish government in 2008 said Poland would replace the zloty with the euro in 2012, but later abandoned the target due to the global financial crisis.
In December PM Tusk said that Poland must within a few months decide whether to join the euro zone, otherwise it would risk being consigned to the European Union's periphery.
Referring to PM's words, Finance Minister Jacek Rostowski said that Poland would be ready to announce the date of adopting the common currency when it was sure it could keep it.
Recent polls show that less than a third of Poles support abandoning the zloty in favor of the battered common currency. Poland also needs to change its constitution to adopt the euro.