NBP sees 2007 as best bet for entry into Eurozone

"A direct result will be lack of transaction costs connected with the existence of the exchange rate between the złoty and euro," said Jakub Borowski from the NBP. Furthermore it would eliminate currency risk, which will result in lower interests rates by the amount of the premium for covering the risk. Among the long-term benefits, the NBP mentions, increased FDI, a boost to foreign trade, falling macroeconomic risk, integration of the financial markets and increased competitiveness. The major cost relating to introducing Euro is losing control over the nation's monetary policy. (Rzeczpospolita, pp. A1, B7) M.M.