Entrepreneurs skeptical about adopting the euro in Poland
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The topic of the euro in Poland has been stirring up extreme moods for years. Entrepreneurs are skeptical about adopting the single currency. Only 38 percent of medium and large private companies in the country would like Poland to adopt the euro, according to a study by Grant Thornton, an audit and consulting company.
The opponents of the euro are already 46 percent. According to the results of the survey conducted in October this year, the group of supporters of monetary integration with European countries has shrunk by more than a half over a decade. In 2010, 85 percent of medium and large companies surveyed were in favor of it.
“The volatility of the zloty against the euro in 2021 increased slightly, but not so much that the exchange rate risk would again become an argument for adopting the common currency. In addition, EUR / PLN, after a significant increase in 2020, remained at relatively high levels, which supports exporters,” Grzegorz Taraszkiewicz-Sirocki, partner at Grant Thornton, said.
As he added, it can be assumed that in terms of support for the euro, there are also other, non-business factors, such as a change in political sentiment in society or a change in the assessment of the rationality of integration with the EU.
