Blame it on the French
Monetary Policy Council (RPP) member Dariusz Filar believes that old Europe could begin closing the euro door should the constitution get a rough ride in France.
"These two things cannot be linked directly - a failed referendum in France and then we don't join the euro," Filar said.
"But if the referendum in France fails and old Europe begins to shut itself in and signal that it does not want to expand the euro zone, then these expectations would fade or be pushed back significantly," he said.
Those comments follow similar remarks made by Prime Minister Marek Belka, who said that a French rebuff could translate into higher złoty volatility, making it harder for Poland to join the euro.
The government has set the ambitious goal of entering the eurozone before the decade is out. To do so, Poland will have to keep its own currency stable for two years.
France is set to vote on the pact on May 29. Recent polls have shown the "No" camp with more than 50 percent support - the latest giving it 55 percent. All 25 members must ratify the constitution for it to come into effect. (Reuters)
"These two things cannot be linked directly - a failed referendum in France and then we don't join the euro," Filar said.
"But if the referendum in France fails and old Europe begins to shut itself in and signal that it does not want to expand the euro zone, then these expectations would fade or be pushed back significantly," he said.
Those comments follow similar remarks made by Prime Minister Marek Belka, who said that a French rebuff could translate into higher złoty volatility, making it harder for Poland to join the euro.
The government has set the ambitious goal of entering the eurozone before the decade is out. To do so, Poland will have to keep its own currency stable for two years.
France is set to vote on the pact on May 29. Recent polls have shown the "No" camp with more than 50 percent support - the latest giving it 55 percent. All 25 members must ratify the constitution for it to come into effect. (Reuters)
