Poland may not be ready for euro for dozen years, minister says
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,” AFP quoted Jacek Rostowski as saying during a euro zone debate at the Senate. 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 euro zone 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. “Here’s a good motto for the day: no big rush on euro zone entry, but speed up on readying the economy,” Rostowski said.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
