When will Poland take on the EURO?

The EU even has a formal exit mechanism with clear rules. All a country has to do is to vote in favour of repealing the relevant Treaty of Accession, inform Brussels and undergo (I think...) a two year exit period and everyone is happy.

Sovereignty ultimately lies with the member states.

Never! No way that would be quite silly.

The countries that were in the EU before the Euro was introduced have the option to join or not. The UK came close to it in the early 1990s, joining the Exchange Rate Mechanism, but fortunately we did so at too high a value and the market spotted this and bet against us. So we came out. It lost us a lot of money in the short term but in the medium term our economy picked up and thankfully now any politician who suggested it would be out of a job permanently.

Norway is not a member of the EU so is not obliged to join the Euro.

All countries that joined the EU after the Euro was introduced, including Poland, in theory have to join the single currency 'when the economic conditions are right'. In practice, given the mess the Euro is in, it's unlikely it will ever be imposed on a reasonably well-performing economy. Poland has achieved some of the best economic growth in the EU since 2004; I would be amazed if the EU risked you leaving by trying to impose its crackpot currency on you.

Interesting artical which throws some light on adopting the euro. Good chart which illustrates how countries have fared outside of the euro over the past 14 years. I wonder if this will be reproduced in the Polish media?

zerohedge.com/news/2015-07-04/why-euro-finished

Banking is a rich man's scam or scheme. It's design is to enslave the masses regardless or what you believe. Private bankers are predators by nature. Money system silent weapons and are inherently corrupted by other elements of greed. Investment banking and stock markets compound the enslavement and wealth creation of the elite which then is leveraged on the political system as we see today.

Andrew Jackson, and Woodrow Wilsons quotes on central banking says it all, but there is so much more to know. I can't believe there is a country out there that would sell is sovereignty to other nation or group. It just shows you who is in control. For the bankers to get this far is unreal and shows how asleep and uneducated the people are.

Free trade and globalization is the grand scheme and the bankers also control the military and their decisions and that is clear if you know how to read.

As you would expect the Americans are anti Euro. But not one country in the Euro wants to leave it. Even today in Greece 85% of Greeks want to remain a member of the Eurozone.

The chart is 2000 - 2015. If it was 2000-2008 you would see the 200% growth in Greece.

Thats the madness that killed them, they borrowed money knowing they would never have to pay it back.

Exactly. The Americans are against it, yet they seem to forget that huge, huge amounts of USD debt is held by the Chinese.

The real reason why the Americans are against the Euro is because the Euro has a very real chance of taking over as a real reserve currency. We all remember how Iraq switched to selling oil in Euro...

When the shrimp learns to whistle - means never

Exactly - the dollar's fragile and vulnerable to Chinese manipulation and the Euro essentially sound. Sounder yet if Poland, Sweden and the UK eventually go in.

it's so sound Cental European Bank printed billions of euro just to buy back the outstanding debt of Italy, Spain and Portugal and it suddenly and significantly dropped in value against all major currencies

Central banks do print currency - USD is among the worst offenders in the matter of overprinting - and the Euro hasn't gone inflationary fortunately. As for "dropped against all major currencies" it is actually a major currency - the world's second most traded - and its ups and downs over the years have been largely steady and in line with forecasts.

A fall is good for exports though - and great for me ;-)

that's why the bombs drop for the bankers, the other news was for the sheeple

@jon357
As you said, Euro is a major currency, the first in Europe. One can only hope that Poland will take it on soon.

There is no particular will in Poland for it, or at the moment for closer ties to Brussels.

It would suit me since I get paid in them, however successive Polish governments have said no.

I think it would be a huge mistake for Poland to accept The Euro.
In the short term it will make life more expensive for ordinary Poles and In the long term it would be a major constraint on Polish independence.

@Miloslaw - Polish independence.....
However, it would also be a safeguard against a sudden devaluation of the PLN , e.g. by russian aggression on Poland or other crisis.

Currency devaluation is not all bad news.
It is swings and roundabouts.
Imports are more expensive as is foreign travel for Poles.
But exports are cheaper and with so many families relying on money from family working abroad, that income increases.It also leads to more foreign investment.

On balance, I think that devaluation would be good for Poland right now.