Poland won’t go euro in 2012

Published on 30 July 2009 at 13:27


“Polish Government: no prospects for joining the eurozone in 2012″,announces Rzeczpospolita in Warsaw. In August, the government will present a new road map for euro adoption, says Ludwik Kotecki, deputy finance minister responsible for the European currency. Hopes for an earlier entry to the euro zone were raised in May by Finance Minister Jacek Rostkowski, who suggested that the earlier date was still realistic in an interview with “The Financial Times.” According to Kotecki, the delay has been caused by Poland’s economy deteriorating as a result of the global crisis. Poland currently does not meet the Maastricht criteria required for euro adoption. Analysts predict that Poland may adopt the euro in 2014 at the earliest, Rzeczpospolita says.

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