ADVERTISEMENT

Poland may adopt euro in 2012

Interview

Poland may adopt the euro in 2012 at the earliest, Poland’s central bank chief Slawomir Skrzypek told Polish media on Thursday.

“It (meeting Maastricht criteria) will create an appropriate moment for the decision on when to join in the process,” Skrzypek said. “It should be remembered that the decision to be made would be only the first step,” he added. “Then we will enter Exchange Rate Mechanism two (ERM2) to last for some two years and pose a big challenge for the stability of our currency as well as result in lots of problems, as we can see it in Slovakia,” Skrzypek was quoted by Polish news agency. So the earliest date for euro adoption is 2012, he added.

On Wednesday Poland’s Deputy Prime Minister and Finance Minister Zyta Gilowska said Poland would meet Maastricht criteria in 2009 and will then announce its readiness to negotiate euro adoption. (people.com.cn)

ADVERTISEMENT

Household income improved in Q1 Analysis

Household income improved in Q1

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Local labor markets ready to recruit after Tungsram layoffs HR

Local labor markets ready to recruit after Tungsram layoffs

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.