The euro area in Poland? Public debate is missing! For many years, there has been talk of Poland's plans to enter the euro zone, but it is still not happening. First of all, the experts emphasize that our country should have better fiscal preparation for such a change. There is also no serious public debate. Dr. Andrzej Olechowski, former minister of finance and foreign affairs, claims that it was necessary to come back to the topic. Not only because it is a promise made to the European community, but above all because, in his opinion, it would be beneficial for the economy.
The euro area in Poland? Poles stopped trying to enter it ...
According to some experts, the problem lies elsewhere. For several years, Poland has not even tried to pretend to change and, in fact, is doing nothing in this direction.
“The last 5 years have seen a complete cessation of Poland's preparations to adopt the common currency. In fact, all institutions that dealt with this in the Ministry of Finance, the Prime Minister's office and the National Bank of Poland were liquidated. Previously, there were contacts with the EU regarding the euro. Now there is no movement. This is a great policy of abandonment, which I consider unfavorable for Poles - comments prof. Danuta Hübner, MP for European Parliament, former EU Commissioner for Regional Policy.” (Business Interia.pl).
Does the euro area protect countries from bankruptcy?
Many scientists believe that it was the attachment to the euro area that allowed many countries to avoid financial problems.
“Some countries avoided bankruptcy in the financial crisis, but also made it relatively well through the stage of the pandemic so far, just because they belong to the euro area. The world will not be free from crises caused by various factors, ie political, economic and natural. It is in the well understood interest of Poland to join the euro area on reasonable terms and prudently - says Krzysztof Pietraszkiewicz, president of the Polish Bank Association. " (Business Interia.pl).
To sum up - on the other side of the barricade!
The euro area in Poland? It turns out that not everyone is enthusiastic about this idea. Stefan Kawalec, president of Capital Strategy, former deputy finance minister, believes that a large country like Poland should not give up its currency. As a result, it may lose its attractiveness and competitiveness on the map of Europe.
Worth reading: Magda Welc - with new material! Worth listening to!
