The prime minister took a position on the adoption of the euro. In an interview with “Sieci”, the head of government specified when, in his opinion, Poland should adopt the EU currency.
Mateusz Morawiecki on the euro: A kind of experiment
– I do not treat joining the euro zone as a goal. For me, what matters most is the development of Poland. We should stick to the zloty as long as the income level of Poles and the structure of the Polish economy are not very similar to the highly developed economies of the West, said the head of the government.
The leader of the United Right also stated that “you can theoretically think of a currency doubling, but he is not sure whether the currency will exist until then.”
It is a kind of experiment which for countries with a similar level of development has its advantages, such as low transaction costs, no exchange rate risk, but for countries with a different level of development it carries a lot of risks and risks.
– said Mateusz Morawiecki.
Expert: Narration from Nowogrodzka
Prof. Marian Noga, a former member of the Monetary Policy Council, in an interview with next.gazeta.pl states that the prime minister’s arguments are “an old song”.
– This is, one could say, the narrative invented on Nowogrodzka Street. When Slovakia entered the euro area, in 2006, Poland was ruled by Law and Justice. And it argued that Slovakia would lose, it would be weighed down by the problems of the West. What happened? Before joining the euro area, Slovakia’s GDP was lower than Polish GDP by about $ 2,000. And at the moment it is higher by $ 5,000 – explained the expert.
He also explained that other countries in our region are not afraid of adopting the euro. As an example, he indicated Bulgaria, which adopts the EU currency since 2024.
The interlocutor of Gazeta.pl also stated that Poland does not have to adopt the euro immediately, as it has the possibility to fix the rate at a fixed level of PLN 4 or 4.5. – This concept has been trained by the Bulgarians. A country that has a GDP twice as low as we are, but also has a debt level of 20 percent. GDP, and not about 55%, as in our case, will be in euro. And we don’t, ‘he summed up.
Source: Gazeta
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