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Euro adoption possible in 2016-17

26th February 2013
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Poland's euro zone entry in the future is a natural perspective, Deputy Finance Minister Ludwik Kotecki told Dziennik Gazeta Prawna. He stressed that the country still has to meet both economic and constitutional criteria.

Mr Kotecki, who is also the chief economist of the Finance Ministry, believes it is also important to consider the situation in the euro zone itself. “Technically speaking, euro adoption could be possible in 2016 or 2017 at the earliest,” Mr Kotecki said. It may however be postponed due to both economic and political reasons, either in Poland or the euro zone.

“We must be prepared but the euro zone must overcome its problems as well. It must adopt solutions that will prevent crises such as the last one, but we also need crisis management mechanisms in place,” Mr Kotecki said.

Poland A.M.
 


From Warsaw Business Journal


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