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Poland: Finance Minister Says Euro Adoption Not on Agenda for Now

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Warsaw, April 30, 2024 ( TVN24) – Twenty years after joining the European Union, Poland still has no plans to adopt the euro. Polish Finance Minister Andrzej Domanski has expressed agreement with central bank governor Adam Glapinski on this issue. According to Domanski, in an interview with TVN24, Poland’s entry into the eurozone is not justified at this time.

The minister stressed that the country’s own currency, the zloty, had helped the country through difficult times such as the global financial crisis and protected it from recession.

Poland and nine other countries, including Slovakia, will commemorate the 20th anniversary of their EU accession on May 1. One of the conditions of membership was the adoption of the euro, but Poland has not yet fulfilled this obligation.

Euro Debate in Poland

The issue of adopting the euro in Poland has been the subject of long-standing debate. Most political parties support the adoption of the euro in the long term, but there is currently no broad public support. Many people fear that the euro could lead to price increases and a loss of control over the national economy.

The government argues that the euro would bring Poland a number of benefits, such as lower interest rates and a more stable currency. It also points to the experience of other EU countries that have experienced economic growth after adopting the euro.

It is likely that the euro issue will continue to resonate in Poland in the coming years. The final decision on its adoption will depend on the development of public opinion and political consensus.

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