Szczurek: Reforms needed ahead of euro zone entry

Polish economy is growing but needs reforms before it can join the euro area, Finance Minister Mateusz Szczurek said at the World Economic Forum in Davos. “Poland is an open economy; the optimism seen in Europe is having impact on the situation of our businesses and employees,” Szczurek said. Szczurek said that the euro zone is undergoing reforms and which are headed in the right direction, but they are often implemented too slowly. Poland’s decision to join the currency union can therefore be made after certain changes are made to both the Polish economy and the euro area that will curb the risk of an increasing disequilibrium and excessive economic fluctuations, Szczurek said.