File picture of a multicolour 10 Polish Zloty coin marking Poland entering the European Union is presented by the National Bank of Poland in 2004. The Finance Minister in Poland’s pro-European Union government says the country is still not ready to adopt the euro currency.
| Photo Credit: AP
Twenty years after joining the European Union, Poland is still not ready to adopt the euro currency, the finance minister in the pro-European Union government said.
Andrzej Domanski, Finance Minister in the Cabinet of Prime Minister Donald Tusk, said in an interview on TVN24 on April 29 that Poland joining the eurozone, the currency union of 20 E.U. members, is not justified at this time.
He said he believed that having its own currency, the zloty, helped Poland avoid recession during the global financial crisis and to weather other shocks.
On May 1, Poland and nine other countries will mark the 20th anniversary of joining the EU in 2004. Under the terms of membership, Poland committed itself to replacing the zloty with the single European currency.
