Too early for Poland to join euro – Morawiecki

For the time being, it would be better if Poland did not join the euro zone, said Mateusz Morawiecki, Deputy Prime Minister, Minister of Development, and Minister of Finance. But he added that the government's approach to accession to the euro area has not changed, and that Poland is obligated by treaty to join the eurozone. “At the current level of convergence, it would be better for us not to join the euro zone at the moment. Maybe in 5-10 years, if everything goes fantastically. We understand that we are obligated, but this lack of convergence points to tremendous risk in the context of the so-called optimal currency area, which clearly is not an optimal currency zone,” Morawiecki stated in an interview on Friday with PAP. “Today we are in an era of great imbalances. What we are seeing now is far from optimum. We have to find a new equilibrium. We, the countries of Central Europe, have to be part of the solution, not the problem,” he added.