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Poland will not adopt the Euro for at least next 10 years

Poland will not adopt the Euro for at least next 10 years

The Polish politicians believe, that Poland is not ready yet to adopt the Euro. According to the Deputy Prime Minister Mateusz Morawiecki, in the next 10-20 years, Poland will not introduce the Euro because the Polish economic performance is far from similar indicators of such EU countries as Germany, France or Netherlands. Today it is not profitable for Poland to give up the opportunity to set its own interest rates, issue a national debt and print its own currency.

According to Morawiecki, the Euro introduction at the moment will lead to the fact that Poland will become a "peripheral" nation, although the country has good prospects for development. According to experts, the economic growth in Poland is above average of the European Union countries. Furthermore, German analysts said that the Polish zloty is undervalued by about 10%. This suggests that in the near future the increase of the Polish currency rate is quite possibly.