Poland adopting the Euro, but when?

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.

anyone care to guess what the adoption exchange rate might be?

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.

I think not earlier than in 2012


I don't mind, although i like złotówki:)

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


Not immediately. Not before 2011.

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 :)

The UK, Denmark and Sweden don't have the Euro either...maybe later...

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.

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...


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...

Yep, agree.

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.

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


i laughed my backside off when i saw that ad first...

Aha - you are German? You'll get the whole Teuro gag then.....

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?

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...


no.


forint as far as i remember(?)


no again...

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


of course... that's why i prefer £££'s... ;)

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 :)


Kuna


Forint


Lats

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.

polish airline is called LOT also. it is a play on words but polish ones. lol

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.

There are pluses and minuses...


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 are. Norway isn't.

Oops I meant Switzerland, not Sweden :\

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


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...

:) 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.

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

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.

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

Thats because the UK and Sweden have the option Poland do not have that luxury.

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...

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.