RPP member tips 2008 for euro entry, S&P bets on 2010

The adoption of the euro will not be possible before 2008, said Grzegorz Wójtowicz a member of the Monetary Policy Council (RPP). "So far my bet was 20% for 2007, 50% for 2008 and 30% for 2009. Now the first figure goes down, the second holds on, and the third goes up," Wójtowicz said in seminar devoted to forex risk. Several politicians have pointed to 2007 as the possible euro adoption date. This view was supported by a large number of analysts polled by the Polish Press Agency (PAP), whereas the majority favored 2009. On the other end of the scale is Standard and Poor's, which in one of its last reports warned it might consider lowering its rating for Poland and predicted the date of accepting the EU currency as late as 2010. (Parkiet, p. 1; www.onet.pl) J.K.