Morawiecki: It’s not in our interest to join euro zone at the moment

Deputy PM Mateusz Morawiecki said that Poland should not be joining the euro zone now, as it “doesn’t want to lose the possibility to conduct its own monetary policy.” “Poland has a different business cycle, a different production structure as well as other competitive advantages”, Morawiecki explained. He listed out Finland, Greece and Spain, as the examples of countries that lost on joining the euro zone, as they couldn’t set up their own interest rates and issue bonds in their own currency. When asked, whether Poles should decide in the constitutional referendum proposed by President Andrzej Duda for next year, whether Poland should join the euro zone or not, Morawiecki was skeptical. “Referendum is a very powerful tool, and should not be abused.”