poland mulls referendum on eurozone entry
Last Updated : GMT 18:08:33
Arab Today, arab today
Arab Today, arab today

Poland mulls referendum on eurozone entry

Arab Today, arab today

Arab Today, arab today Poland mulls referendum on eurozone entry

Warsaw - AFP

Poland is considering a referendum on joining the eurozone, a move analysts say is a way of staking a claim in the ongoing reform of the debt-laden currency union, while signalling a more realistic accession timeline. Prime Minister Donald Tusk this week floated the idea of a public vote on the unpopular euro as a solution to the impasse in parliament thwarting its adoption. For years, the right-wing opposition has vowed to block constitutional changes essential for the euro switch. The euro remains a goal for Tusk and his centrist government, and on Tuesday the premier said a referendum could settle the issue, "and that's for an obvious reason: fewer votes are needed to win". Under the terms of Poland's 2004 entry agreement into the European Union, the ex-communist nation of 38 million people is obliged to adopt the euro. While there is no deadline, Warsaw has vowed to meet entry criteria by 2015. Finance Minister Jacek Rostowski said Wednesday that public approval for entry was crucial but suggested scrapping the 50-percent turnout and approval threshold. Poland has had a wait-and-see approach to euro adoption as the 17-member single currency bloc struggles to resolve its protracted debt crisis. Warsaw only relaunched the debate on a target entry date in January, while manoeuvering for subsidies in the 2014-2020 EU budget. But it could become a question of Poland not wanting to be left behind. "If they (the government) want to move towards euro membership, they have to start doing it now," said Marcin Zaborowski, director of the Polish Institute of International Affairs. "That's the expectation in Brussels and elsewhere, and otherwise we're going to be excluded from major decision-making there," he told AFP. Former French president Valery Giscard d'Estaing said in this week's Polish edition of Newsweek that increasingly, "the sluggish (European) Union of 27 countries" was being left behind by the hard core of the EU. A strong emerging economy, Poland has maintained growth each year since shedding communism two decades ago. It is the only EU member to have done so through the 2007-2009 global financial and eurozone crises. Analysts note that the free-floating zloty, which slumped against both the euro and dollar when the financial crisis hit, has buoyed exports. They suggest that given the euro's dismal popularity among Poles, the referendum idea could also be laying the groundwork for a more distant eurozone entry date. According to Konrad Soszynski, a BGZ bank analyst in Warsaw, Poland may be distancing itself from earlier promises that were over-the-top optimistic. In January, Tusk initially pushed for a decision on the euro to be made "in the coming months", before putting off practical steps towards joining the single currency until after elections in 2015. "The initial news seemed to suggest that Poland is galloping towards the eurozone and really intended to join in the near future -- so much so it was frightening -- and I don't think the government really has those intentions," Soszynski said. The referendum is thus "a campaign to shift the timeline, a way to show Europe it's not that easy, that it's not possible because public support is required and it's low now." Krzysztof Szczerski, a deputy from the eurosceptic PiS opposition party, which has long called for a referendum, welcomed the news but said that without a specific proposal there would be no negotiating. Even if the parties agree, Tusk's government will face an uphill battle to alter public opinion, as surveys this week showed that up to 64 percent of Poles oppose adopting the single currency. According to PricewaterhouseCoopers analyst Witold Orlowski, who as a presidential economics advisor worked on shifting public opinion before Poland entered the EU, the campaign will be harder this time around. "Everyone's flooded with terrible euro news on a daily basis," he told AFP. "That being the case, I'm actually surprised that even 40 percent of Poles want to adopt the euro."

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*

poland mulls referendum on eurozone entry poland mulls referendum on eurozone entry

 



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*

poland mulls referendum on eurozone entry poland mulls referendum on eurozone entry

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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