Zapatero: Poland should be cautious about euro

Poland should not hurry with its efforts toward euro adoption, according to former Spanish Prime Minister José Zapatero, who spoke at the Economic Forum in Krynica. “For Spain euro adoption was a lever that led to greater liquidity and gave access to a huge market,” Zapatero said. “But the accompanying structure was not prepared for facing the crisis that later reached us.” The former PM added that his government had to battle that crisis without any monetary policy tools. He also said that countries with weaker economies had to do more work after entering the euro zone to reach GDP levels recorded by stronger members of the euro area.