Ruling party against adopting Euro

During the electoral convention held in Lublin, eastern Poland, the leaders of the ruling Law and Justice (PiS) party expressed that they are against adopting the Euro in Poland.

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“We say 'no' to the Euro, we say 'no' to European prices, we say 'European wages' but not 'European prices',” Jarosław Kaczyński, the leader of the party said.

He added that Poland might change the currency to the Euro, but only when it would profitable for Poland. “We are obliged by the Accession Treaty to implement the Euro, but there is no set date. This is why I can say: we will adopt the Euro, because we are obliged to and we are and will be members of the EU, but we will do it only if would be in our interest,” Mr Kaczyński said.

The leader of the party explained that this will happen when Poland “reaches the level of living standards and GDP similar to Germany.”

Mateusz Morawiecki, the Prime Minister of Poland said that changing the currency to Euro at the moment is unprofitable. “It pays off to base Poland's economy on the Polish currency,” he stressed.

The PM added that there are some EU Members States that have not developed in recent years, and have even receded.

“These are countries that have been the target of our economic emigration just recently, such as Italy or Spain. These are countries, like Greece, which in 2007 had an economy 10 times smaller than Germany, and today their economy is 18 times smaller,” he said.

The PM added that adoption of the Euro at the wrong time in such countries as Italy, Spain and Greece was the cause of “permanent stagnation” there.