Cezary Wójcik, a professor at the Warsaw School of Economics and former advisor at the National Bank of Poland, said that it is highly unlikely that Poland will adopt the euro within the next 10 years. He said that the most significant barrier is that Poland's constitution will need to be amended before the euro can be adopted, and that will not prove an easy task.
Mr Wójcik also stressed that meeting the euro zone's convergence criteria is not enough to ensure fiscal stability and that the examples of Spain, Portugal and Ireland have shown that economies need more. He said Poland should set itself additional criteria, relating to interest rates, currency exchange rates, inflation, fiscal rules and banking supervision.
From Warsaw Business Journal
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