PolishForums LIVE  /  Archives [3]    
 
Archives - 2005-2009 / News  % width9

EURO Currency : Should Poland join??


scarbyirp  
8 May 2007 /  #1
Would this be good for Poland in the long term? Do you think it improve wages and working conditions for Polish workers?
hello  22 | 891  
8 May 2007 /  #2
I guess Poland has no choice now but to join Euro. Millions of Euros has been spent for "pro-European Union" and "pro-Nato" advertising campaigns, many famous actors and sportsmen have been paid and involved too; the same case will be with Poland joining Euro. It's like advertising for the masses.
daffy  22 | 1153  
8 May 2007 /  #3
I guess Poland has no choice now but to join Euro

they have a choice - like the UK did - but i think its to Polands gain to join it. GBP was stronger than the Euro at the time of launch whereas the euro is stronger than the zloty at present.

Once Poland reaches the economic criteria - they should join the euro I think.
Kowalski  7 | 621  
8 May 2007 /  #4
^
They don't have a choice. Their contract to join EU included part saying adoption of Euro currency was obligatory. Our finance minster has reflected on possible referendum on the issue but it would be about WHEN not IF.

I'm in type of busienss were receiving payments in Euro and making payments in PLN it is a headache since the exchange rate fluctuate and there is some extra calculations required and checking of current rates. It's annoying at least.
daffy  22 | 1153  
8 May 2007 /  #5
I'm in type of busienss were receiving payments in Euro and making payments in PLN it is a headache since the exchange rate fluctuate and there is some extra calculations required and checking of current rates. It's annoying at least.

doesnt matter - i work for an american MNC and we deal in dollars depsite being in Ireland. it is down to your co. structure what currency you deal in and negotiate with suppliers etc.

eg we have contracts in the far east in dollars and euro for eg. depends.

AS to PL joining the euro as part of joining the EU - you'll find it was NOT a pre-requisite but a statement made on behalf of the Polish government should/when they got into EU as something they aspire to do. It is still voluntary membership of EU members to join the Euro currency. The PL gov't may have committed to joining the euro but the EU did not commit PL to it and did not do so to any EU member. The members that accepted the euro did so of there own free will and economic think tanks weighing the pro's and con's and is a european unification dream step being achieved.
horunPoland  - | 109  
9 May 2007 /  #6
I think we are not ready to take Euro our govermant are planing to do that in 2012.

in my opinion countrys like Great Britain and Sweden which still have own monay are in better geopolitical and economy situation and we Poland shoud do the same

thats only my opinion....
daffy  22 | 1153  
9 May 2007 /  #7
Great Britain and Sweden

Poland shoud do the same

I agree Poland must wait, however, Poland does not have the same economic output as GB or Sweden and the Euro has been advantageous to mainland eu countries, encouraging internal markets and providing greater transparency of prices. as to name but a few benefits

In my opinion Poland should join once the economy can handle it.
dannyboy  18 | 248  
9 May 2007 /  #8
Daffy, far as I'm aware, they are required by their accession treaties to joint the euro.
But I do take your point into consdieration.

from en.wikipedia.org/wiki/Euro
As of 2007, 11 new EU member states had a currency other than the euro; however, all of these countries are required by their Accession Treaties to join the euro. Some of the following countries have already joined the European Exchange Rate Mechanism, ERM II. They and the others have set themselves the goal of joining the euro (EMU III) as follows:

Personally, I think Poland will the the last of the A10 countries to join. The economy is too weak, big country, lots of people. I would guess 2017, although other economically better countries will join sooner - slovakia, czech
daffy  22 | 1153  
9 May 2007 /  #9
Thanks Danny for that post, Interesting post. Though I feel that they wont get into the euro if there economies are not strong enough first so thats where I come from that there is flexibility in the treaties and always open to maneourability

still, better to be in it, init :)

Archives - 2005-2009 / News / EURO Currency : Should Poland join??Archived