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Poland may not be ready for euro for dozen years, minister says

Interview

Poland’s finance minister said Friday it may take a dozen years for the EU member to be ready to adopt the euro, adding there was no big need to rush to join. “I’m not fooling myself that these preparations will only take a couple years,” AFP quoted Jacek Rostowski as saying during a euro zone debate at the Senate. Warsaw has previously vowed to meet the criteria required to adopt the euro by 2015, but it has avoided setting a target entry date as the 17-member euro zone struggles to resolve its protracted debt crisis. Rostowski’s comments follow a failed effort by Prime Minister Donald Tusk at the beginning of this year to have the country make a quick decision on joining the euro. “Here’s a good motto for the day: no big rush on euro zone entry, but speed up on readying the economy,” Rostowski said.

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