'No reason' for euro

Poland's new government will not concern itself with adopting the euro, according to Prime Minister Kazimierz Marcinkiewicz.

"We do not see any reason to adopt the euro during this term. We will pass this project to the next administration," Marcinkiewicz said. A cabinet's term is typically four years.

When asked if his government would at least set a target date for euro adoption, Marcinkiewicz said: "There is no such need, no reason." Poland is now the only member without a target date for eurozone entry. Before Marcinkiewicz's comments last Friday, the European Commission had urged the 10 new EU member states to accelerate preparations for euro adoption and combat sliding public support for the currency. However Marcinkiewicz's words are hardly surprising as his Law and Justice (PiS) party had voiced its skepticism towards swift eurozone entry throughout this year's parliamentary election campaign. (Reuters)