Locked content Poles wary of joining the euro zone – poll

As many as 50 percent of Poles believe that the adoption of the euro would be “something bad”, the latest poll by Kantar Public showed. Only 11 percent support it, and 21 percent does not have an opinion on this matter. “In comparison with the results from December 2016, Poles’ opinions on the...

Locked content No referendum on euro zone accession – Morawiecki

Poland does not plan on having a referendum on joining the euro zone, Deputy PM Mateusz Morawiecki said. “We’re carefully observing what’s going on in the euro zone. We already meet all necessary criteria to join the euro zone, except for the ERM2 mechanism, which by the way needs reform...

Locked content Szymański: Poland will discuss joining euro zone once its stable

Asked whether this was a good time to start a debate on Poland joining the euro zone, Konrad Szymański, minister in charge of European affairs, said that it’s “not in a hurry” to do so. “The key criterion is the predictability of the system, the stability of the economic and monetary union and...

Locked content EU with an ‘offer you cannot refuse’ to expand euro zone

The European Commission is working on an offer which will make adopting the euro more attractive to the EU members, European Economic and Financial Affairs Commissioner Pierre Moscovici said. “We will try to make a framework that is attractive enough, that is like, as they say in the movies, an offe...

Locked content Poland might join the euro zone in 10-20 years – Deputy PM

According to Deputy PM Mateusz Morawiecki, Poland is not ready to adopt euro as its currency, and such action could be consider after 10-20 years. “If in 10-20 years macro and microeconomic factors will allow us to adopt euro, we could consider it by then,” he said. According to one of the oppositio...

Italy, the only euro zone economic loser

Italy’s Gross Domestic Product has dropped by 0.4 percent since the country joined the euro zone. Even though Rome’s GDP expanded 6.2 percent since 98, its population has decreased by 6.6 percent, according Eurostat data, compiled by Bloomberg.

Locked content Mood in euro zone better than expected

  The index of sentiment in the euro zone economy was 107.9 points in January compared to 107.8 points in the previous month, the European Commission said in a statement. Analysts expected in the index to be at a level of 107.8 points.   The consumer confidence index rose to minus 4.9 poin...

Locked content Poland met 3 euro convergence criteria in July

The Ministry of Finance informed that in July Poland fulfilled three euro convergence criteria: the fiscal criterium, the inflation rate criterium and the interest rate criterium. “The fiscal criterium was met. The EU lifted the Excessive Deficit Procedure in July, thus Poland reduced its exce...