Poland and the Euro - benefit for Polish economy?

what do you mean by this?

what is your criticism of Tusk?

I just want to understand.....

If I thought my vote would make a difference when it comes to PIS out of office, I'd get a Polish passport and vote; however, there are more than enough fellow Europeans who can vote here who will make sure that the politics of hate & envy never again form a government in Poland. As it is I'll stick to voting at a local level, where I can do things such as helping a gay black Pole become a local councilor and keep the mayor of Warsaw somebody who gets right up the noses of PIS. Oh, and voting for the EU level, which is where the big decisions are taken anyway.

I wonder why you refuse to vote in Polish elections. You go on and on and on and on about Polish politics but you never give yourself the ability to take part in Polish politics: why is that?

That is but a drop in the ocean.


It is strange that for someone who seems to be so blindly obsessed with the idea of removing PO from power, he doesn't do the simple job of getting a Polish passport to do just that. Why?

Fortunately, I'm going to enjoy campaigning for PO - not because I support PO, but on a purely pragmatic basis - they will keep PiS out of power forever.

tell me more....

They have their own currency and their independence. Poland, by taking so much of the European largesse are losing their independence.

European funding is really helping Polish business to grow and flourish success. I am small business owner and I think EU funding in the form of loans and grants for a various projects and programme's in areas such as education, infrastructure, education, health and other social activities has helped a lot.

Neither Norway or Switzerland has any independence in the way that you talk about. In fact, Norway is more or less in the EU as it is, as is Switzerland.

Juts check out not omnly ewhat Kaczyński but also Gwoin say about Tusk, the warm-tap-water
PM. The core of his party are crooked politicians, well-connected scam artists, shady businessmen and other suspicious characters.

Since the beginning of the year Mr Tusk's star has started to wane, as Poles have become worried about a slowing economy and disenchanted with the lack of reforms by the government. The Economist points out that Poland is no longer a green island in a red sea of recession, referring to Tusk's main propaganda slogan.

Good to hear that. Now remember to spend the extra money that you have on goods and services from the countries which fund the EU budget (that is why EU grants are given).

I just remember when EUR came to Germany. Monday morning the Bread was 2EUR instead of 2DM. My paycheck went from 1000DM to 500EUR. The prices stayed the same they just replaced the DM with EUR, but our paychecks got cut in half.

If EUR comes to Poland, it would ruined the country.

Interesting that bread went up by nearly 100%: the average increase in prices was 0.3%. Perhaps your memory is playing tricks on you.

Indeed, as far as I remember, they largely discredited the myth that prices increased like that.

As I recall, one of the few groups with a genuine grievance against the Euro were Parisian waiters - it used to be common to leave a 10FF tip, which changed into 1 Euro tip - a loss of something like 35%.


Thanks, Polonius - I've been waiting for you to make a particularly slanderous accusation against PO.

TVP today said that Mayor G-K had bloated her staff of burearcrats by 2,000. Wasn't PO supposed to mean lean, trim and tight government?

thanks!

Merged: Impact after adopting the euro

Hi all

Just wondering how ordinary people might be impacted once Poland adopts the euro.

Will it be good or bad? Who will benefit and who will be hurt?

If there is a thread on this topic then please let me know.

Would love to hear your views especially from those who are knowledgeable on this subject.

Cheers.

Louis

yeah, click here on the link

Thanks reading it now :)

Here is an optimistic view by the governor of bank of Lithuania said in the last 24 hours:

"The euro adoption crowns what was begun almost a quarter of a century ago, when Lithuania firmly and irrevocably chose the direction of euro integration. Having made a decade ago the free decision to become a member of the EU, with the single currency we will soon draw even closer to Europe - being together we will have more opportunities to be stronger, more secure and richer," said Vitas Vasiliauskas, governor of the Bank of Lithuania.

eiro.lv/en/media/media-kit/joining-the-euro-area-and-benefits-for-latvia

Reasons why Latvia should join:

The transition from the lat to the euro is primarily an economic project, and the invitation for Latvia to join is a confirmation of a healthy and strong economy. The euro is the second most important currency in the world: 40% of global trade transactions are conducted in euro and 25% of the world's foreign currency reserves are stored in this currency. Likewise, Latvian people and businesses have trusted the euro for years - almost half of deposits are in euro, more than 80% of loans are taken in euro, and 60% of external payments for products and services is made using the euro. The transition to the euro will cut the cost of servicing the national debt. Interest cost on servicing the national debt during the next ten years will average 90 million euro per year. This is almost a billion euro over ten years

The hope for Latvia:

Every Latvian resident will benefit from the transition to the euro, because business activity and more rapid economic development will promote a gradual increase in wages, as well as new and better jobs in both the private and public sectors.

The Estonian experience:

Based on experiences of Estonia and other countries, the euro should bring more investor and counterpart confidence facilitating investment. After joining the euro area in 2011, foreign direct investment in Estonia doubled from 420 to 857 million euro (excluding the financial sector).

Slovakia looking good:

Slovakia benefits from its membership of the eurozone, as the latter supports the institutional framework, expands Slovakia's export possibilities and increases its attractiveness as a destination of foreign investment. EMU membership also limits exchange rate risks.

Slovaks are very satisfied with EU membership and appreciate its benefits.

And after what Iceland has been through:

The pro-EU faction of the Independence party has strong backing from Iceland's business community. Recent polling by the pro-EU movement showed 45 percent of Icelanders in favor of membership and 55 percent against it.

And finally the Czechs:

Along most Czech experts, the earliest euro adoption by Czechs as 2018 with 2019 more likely. While the economic criteria for entry do not look that problematic, especially if Europe is now bound on slow, but steady, growth, the question is will the population be in favour of the move?

Poland being cautious as ever:

Finance Minister Mateusz Szczurek said that Poland should not be hasty with the euro adoption process, because there is still plenty to do before the zloty currency can safely be replaced.

(Yes but then will come the job of convincing the majority of the population of the benefits).

the key words here

Ultimately (and this is what the Poles voted for in the accession referendum) it's when the ECB decide; however they are unlikely to force the transition to the Euro on any country and it would very much be in their interest not to do that with the Złoty.