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Poland adopting the Euro, but when?


masterpolack89 1 | 5  
6 Dec 2007 /  #1
Hey guys, what do you think about poland adopting the euro. Do you think its a good idea or do you guys prefer the Złoty more. I personally agree with adpoting the euro, but the thing is, when will they get it? what do you guys think.
BubbaWoo 33 | 3,510  
7 Dec 2007 /  #2
anyone care to guess what the adoption exchange rate might be?
Foreigner4 12 | 1,768  
7 Dec 2007 /  #3
i'm worried about the exchange rate and how wages and salaries will be adjusted.

In germany, even though the euro was valued and 2x the deutchmark, what used to cost 1 dm ended up costing 1 euro the next day. If that were to happen in Poland without the same thing happening in wages (didn't in germany) it would be disaster.
gosiaczek 1 | 85  
7 Dec 2007 /  #4
when will they get it?

I think not earlier than in 2012

what do you guys think

I don't mind, although i like złotówki:)
Polson 5 | 1,770  
7 Dec 2007 /  #5
Do you think its a good idea or do you guys prefer the Złoty more.

We're not in a hurry, are we ?...but i agree too with adopting the single currency. Tusk is working on it ;)

when will they get it?

Not immediately. Not before 2011.
LondonChick 31 | 1,133  
7 Dec 2007 /  #6
It's amazing how many people in the UK think that the Euro is already the currency in Poland. Before my last trip, my dad offered to give me some Euros that he had left over from his trip to France :)
Polson 5 | 1,770  
7 Dec 2007 /  #7
The UK, Denmark and Sweden don't have the Euro either...maybe later...
ShelleyS 14 | 2,893  
7 Dec 2007 /  #8
It's amazing how many people in the UK think that the Euro is already the currency in Poland. Before my last trip, my dad offered to give me some Euros that he had left over from his trip to France :)

I would have thought it would be a surprisingly few actually since their currency is advertised...same as the Czech currency on most currency lists in most exchange places these days.
the_falkster 1 | 180  
7 Dec 2007 /  #9
The UK, Denmark and Sweden don't have the Euro either...maybe later...

pro's and con's...

easy one actually.
economies with a stable currency should think twice before making the change to the euro. that's why the uk did right when deciding against it lately (well... 2 years ago?).

as a matter of fact the "richer" countries had their currency downvalued while for "poorer" ecomnomies the opposite was the case when the euro was first introduced...

In germany, even though the euro was valued and 2x the deutchmark, what used to cost 1 dm ended up costing 1 euro the next day

simply not true...

it took some years to reach that mark, but still that would be far to quick to get through as inflation rate... ;)

as poland is going through a lot of changes both parties (ecu and poland) should watch and analyse before commiting to a certain exchange rate...
Polson 5 | 1,770  
7 Dec 2007 /  #10
as poland is going through a lot of changes both parties (ecu and poland) should watch and analyse before commiting to a certain exchange rate...

Yep, agree.
LondonChick 31 | 1,133  
7 Dec 2007 /  #11
I would have thought it would be a surprisingly few actually since their currency is advertised...same as the Czech currency on most currency lists in most exchange places these days.

Really, you'd be surprised. I was discussing an ad for Wizz Air with a colleague (fairly smart individual) recently - he didn't get the line "get a loty for your zloty" until I explained that the Euro wasn't the currency in Poland.

I guess if you're not used to looking for Zloty / looking out for the Polish flag, you don't tend to think about it.
the_falkster 1 | 180  
7 Dec 2007 /  #12
looking out for the Polish flag, you don't tend to think about it

very true. happened even to me (german with polish girlfriend, living in uk) for a split second when my gf flew back to poland. it just seems so natural to assume that every eu country would use the same currency... apart from uk, of course... :D

get a loty for your zloty

i laughed my backside off when i saw that ad first...
LondonChick 31 | 1,133  
7 Dec 2007 /  #13
Aha - you are German? You'll get the whole Teuro gag then.....
ShelleyS 14 | 2,893  
7 Dec 2007 /  #14
Really, you'd be surprised. I was discussing an ad for Wizz Air with a colleague (fairly smart individual) recently - he didn't get the line "get a loty for your zloty" until I explained that the Euro wasn't the currency in Poland.

And smart does not = well travelled does it now :)

Do you know what the currency of Croatia is? Do you know what the currency for Hungary is? do you know what the currency for Latvia is? and to be honest I have no idea what loty and zloty would have in common?
the_falkster 1 | 180  
7 Dec 2007 /  #15
what loty and zloty would have in common

it is called a joke.
this time as a rhyme.
"get a lot(y) for your money"...
apparently english people are worldfamous for their wordplay. and this is just a very nice example for it...

Do you know what the currency of Croatia is?

no.

Do you know what the currency for Hungary is?

forint as far as i remember(?)

do you know what the currency for Latvia is?

no again...

but didn't you say it would be easy to spot different currencies as it is advertised on exchange places???

You'll get the whole Teuro gag then

of course... that's why i prefer £££'s... ;)
kochanie 3 | 58  
7 Dec 2007 /  #16
The UK, Denmark and Sweden don't have the Euro either

Sweden won't be adopting the Euro..They aren't even in the E.U, they don't join anyone's gangs as my geography teacher told me :)

Do you know what the currency of Croatia is?

Kuna

Do you know what the currency for Hungary is?

Forint

do you know what the currency for Latvia is?

Lats
plk123 8 | 4,148  
7 Dec 2007 /  #17
"get a lot(y) for your money"...

nope, get flight for your Zł.

loty = flights
LondonChick 31 | 1,133  
7 Dec 2007 /  #18
Quoting: the_falkster
"get a lot(y) for your money"...

nope, get flight for your Zł.

loty = flights

Wow.... how clever is that??! As a non-polish speaker I made the same assumption as Falkster... Genius play on words.
plk123 8 | 4,148  
7 Dec 2007 /  #19
polish airline is called LOT also. it is a play on words but polish ones. lol
Foreigner4 12 | 1,768  
7 Dec 2007 /  #20
simply not true...

well that's what i get for listening to germans isn't it. That's what i was told by the germans when i was living there.

live and learn, cheers mate.
Grzegorz_ 51 | 6,161  
7 Dec 2007 /  #21
Do you think its a good idea or do you guys prefer the Złoty more.

There are pluses and minuses...

but when?

There are limits on public debt and inflation... The 2nd one can be a problem, very high prices of oil, growing prices of food etc. makes inflation higher - in "new Europe" more than in old EU. Inflation in Baltic states is something like 10%, in Poland, which in last years had very low inflation It's now almost 3%, next year probably close to 4%...

They aren't even in the E.U,

They are. Norway isn't.
kochanie 3 | 58  
8 Dec 2007 /  #22
Quoting: kochanie
They aren't even in the E.U,

They are. Norway isn't.

Oops I meant Switzerland, not Sweden :\
the_falkster 1 | 180  
8 Dec 2007 /  #23
nope, get flight for your Zł.

loty = flights

mate, we are both right. "nope" is the wrong answer. the nice thing with word play is that it is only word play if it works in both directions here.

but yes... the polish variant wasn't as obvious to me as wasn't the english to you... ;)

as LondonChick said already.. now it is even more genius...

that kind of word play is what i love the english for... :D

that's what i get for listening to germans isn't it. That's what i was told by the germans when i was living there

me german too... ;)
you have to understand that us germans we do like to paint every picture in black and white...
and it is quicker (efficiency!) to reduce a couple of years of development to one night that it (didn't) took the prices to rise... ;)

you get the point...?

we are strange...
Foreigner4 12 | 1,768  
8 Dec 2007 /  #24
:) I hear ya.
I feel a lil silly for not questioning what i heard a lil more when i heard it, but thanks for clearing that up for me, i appreciate this reply.
Davey 13 | 388  
9 Dec 2007 /  #25
haha I remember in the airport seeing the phrase 'thanks za lot', I thought it was kind of cheesey...

Anyways I hope they don't adopt the Euro, I think it is good to have their own currency because in Canada we have the dollar just like many other countries and we have English as our language like many other countries, I think it gives a sense of cultural identity....plus the złoty is really cheap compared to the dollar and I dont want that to change for when I go on vacation there=P
Neil63 6 | 57  
9 Dec 2007 /  #26
You must remember - if your country choose the Euro over the Zloty you will have people in Brussels making decisions about your country's finance. The European Central Bank will decide when interest rates will go up or down - this might be good for one country but might not be good for another - you will lose control. When the transition form Euro to Zloty happens (if it happens) you will see the cost of everything go up a little. On the other hand businesses that deal internationally will not have the fluctuations of currency change. I live in the UK I am quite happy with the pound.
sinistar - | 12  
21 Dec 2007 /  #27
I'm from Belgium and since we have the euro prices of regular things have gone up like mad (food for example)
and wages aren't going up same way..

and I noticed it's like this in every country that got the euro..
so don't know if going euro would be a to good idee for poland
Wroclaw Boy  
21 Dec 2007 /  #28
The UK, Denmark and Sweden don't have the Euro either...maybe later...

Thats because the UK and Sweden have the option Poland do not have that luxury.
Polson 5 | 1,770  
21 Dec 2007 /  #29
That's what you say...Poland will have the Euro but there are not specific date at the moment, then it's not that different. They could have it in 2009 like in 2013 (probably around 2012). Maybe Sweden and Denmark will adopt it before...who knows. About the UK, i don't know. The £ is quite strong, there's no reason to change it for now...
Wroclaw Boy  
21 Dec 2007 /  #30
That's what you say...

Its not what i say Polson its a fact. The UK and Sweden have strong economies and part of their EU membership entry requrements is a clause giving these nations an option as to wether adopt the EUR or not.

Poland along with all the other new EU entrants are not strong economic powers and therefore they are not in a positiion to state wether they will or wont take on the EUR. They ofcourse can discuss the subject/time scales etc.. but all these new EU countries have strict guidelines and targets to meet and once met they WILL take on the EUR period.

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