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16.03.2017 - 08: 19

Poland has postponed the introduction of the euro for at least 10 years

Poland is not going to adopt the euro within 10 or 20 years. This was stated by the Polish Deputy Prime Minister Mateus Moravetsky, Bloomberg reported on Wednesday, March 15.

According to Deputy Prime Minister, if the country will be deprived of instruments such as the ability to issue debt, to set interest rates and print freely convertible currency, the "fast regret" about the decision.

"Through the years 10-20 when the key parameters of the economy are similar to those that exist in Germany, France and the Netherlands, we will think about it", - he said.

At the same time, the head of the party "Law and Justice" (PiS) Jaroslaw Kaczynski said that Poland may adopt the euro only when its GDP per capita will be 85 percent of German. At the same time, according to Bloomberg, now it is (at purchasing power parity) 69 percent of the European average. When Poland joined the EU, it was less than 50 percent. At the same time, the growth of Poland's economy above the average in the European Union.

Kaczynski also said that those who think that "the West is full of good uncles, who will take care of our interests," do not be engaged in politics. He believes that the introduction of the euro will transform Poland "at peripheral nation forever."

In March, between Warsaw and Brussels a conflict, when Poland refused to sign the final declaration of the summit of the European Union (EU) due to the re-election of Donald Tusk, chairman of the Council of Europe. The Polish delegation was extremely dissatisfied with the election of Tusk, who was previously Deputy Prime Minister of the country.

A source: Slow

Tags: Poland, Money, Economy, Euro, Eurozone