Arab Today, arab today poland may not be ready for euro for dozen years
Last Updated : GMT 19:56:11
Arab Today, arab today
Arab Today, arab today

Poland may not be ready for euro for dozen years

Arab Today, arab today

Arab Today, arab today Poland may not be ready for euro for dozen years

Warsaw - AFP

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," Jacek Rostowski said during a eurozone debate at the Senate. "It will take much more time. But I hope it won't last longer than a dozen years but a little less." 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 eurozone 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. Given that the centrist government lacks the votes in parliament to make the necessary constitutional changes, practical steps towards joining the single European currency are unlikely until after elections in 2015. Poland is obliged to adopt the euro under the terms of its 2004 entry in the European Union, but there is no deadline. Opinion polls show most Poles are opposed to adopting the euro as the currency union continues to struggle through its debt crisis. "Here's a good motto for the day: no big rush on eurozone entry, but speed up on readying the economy," Rostowski said. Poland is the only EU member to have maintained growth through the 2007-2009 global financial and eurozone crises, thanks in part to the zloty easing in value against the euro. Rostowski said Poland must reduce unemployment, obtain better credit ratings and most importantly make its economy more competitive and flexible before joining the euro. At the moment, only Poland's public debt meets the Maastricht criteria for adopting the euro, at around 55 percent of gross domestic product compared to the 60 percent limit. Poland's public deficit of 3.4 percent of GDP is above the three percent limit, while average inflation of 3.7 percent last year is also too high.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today poland may not be ready for euro for dozen years Arab Today, arab today poland may not be ready for euro for dozen years

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today poland may not be ready for euro for dozen years Arab Today, arab today poland may not be ready for euro for dozen years

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday