Poland is still not ready to adopt the euro, its finance minister says

  • 📰 AP
  • ⏱ Reading Time:
  • 31 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 51%

Europe News

Poland,Poland Government,General News

Twenty years after Poland joined the European Union, its finance minister says the country is still not ready to adopt the euro currency. The finance minister in the pro-European Union government of Prime Minister Donald Tusk said that membership of the eurozone, the currency union of 20 EU members, was not justified at this time.

FILE - A multicolor 10 Polish Zloty coin marking Poland entering the European Union is presented by the National Bank of Poland in Warsaw, on April 14, 2004. The finance minister in Poland’s pro-European Union government says the country is still not ready to adopt the euro currency. The finance minister in the Cabinet of Prime Minister Donald Tusk said that Poland joining the eurozone, the currency union of 20 EU members, is not justified at this time.

Andrzej Domański, finance minister in the Cabinet of Prime Minister Donald Tusk, said in an interview on TVN24 on Monday that Poland joining the eurozone, the currency union of 20 EU members, is not justified at this time. He said he believed that having its own currency, the zloty, helped Poland avoid recession during the global financial crisis and to weather other shocks.

On Wednesday, Poland and nine other countries will mark the 20th anniversary of joining the EU, on May 1, 2004. Under the terms of membership, Poland committed itself to replacing the zloty with the single European currency.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Poland is still not ready to adopt the euro, its finance minister saysTwenty years after Poland joined the European Union, its finance minister says the country is still not ready to adopt the euro currency.
Source: ksatnews - 🏆 442. / 53 Read more »

Poland is still not ready to adopt the euro, its finance minister saysTwenty years after Poland joined the European Union, its finance minister says the country is still not ready to adopt the euro currency.
Source: wjxt4 - 🏆 246. / 63 Read more »