Poland needs cautious steps to meet euro criteria: Belka
January 31, 2013
Poland needs to take cautious steps to reshape the economy so that it meets and is able to keep to euro convergence criteria, central bank chief Marek Belka told the Senate Wednesday.
"We have to cautiously implement such changes to the Polish economy... as would allow us to meet the criteria in a way that lasts," Belka said.
"Meeting each and every target is beneficial for the Polish economy," Belka added. "However, for a country with an economy such as Poland’s, meeting all those targets simultaneously may be difficult."
His comments follow suggestions by Prime Minister Donald Tusk and President Bronislaw Komorowski that Poland should start a debate on adopting the euro and that it could reach a decision in late 2015.