Polish Officials See 10 to 20 Years Needed Before Euro Adoption
- Euro entry would surrender economic tools, Morawiecki says
- Kaczynski warns against becoming ‘peripheral nation for good’
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Poland won’t adopt the euro for the next 10 or 20 years, the ruling Law & Justice Party said, arguing that doing so earlier would rob the country of independent policies and potentially make it a “peripheral nation for good.”
With the political opposition calling for swapping the zloty for the single currency, Law & Justice officials said the European Union’s largest eastern economy needs more time to catch up with living standards in Germany. In comments underscoring the tension between Warsaw and its EU allies that has grown during a dispute over rule of law in Poland, Law & Justice leader Jaroslaw Kaczynski said joining the euro area would either hit exporters or the living standards of Poles.