Poland denounces German pressure to adopt the euro
Berlin urged Warsaw to join common currency, says Polish regulator
Poland’s central bank governor Adam Glapinski said on Friday that Germany was pressuring his country to adopt the euro. According to Bloomberg, the regulator has pledged to prevent this as long as it is in charge of monetary policy.
The publication says Glapinski was criticized by Polish opposition party leader Donald Tusk for the highest inflation in a quarter century.
Glapinski played down the attacks, saying they were likely motivated by people seeking to force Poland to abandon the zloty for the euro.
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“There is enormous pressure from one of our neighbors to push Poland into the euro, and for us to help build a European superstate,” Glapinski at a press conference in Warsaw, quoted by Bloomberg.
Poland joined the European Union in 2004 but does not use the euro as its currency. However, under the terms of the EU Accession Treaty, all new Member States should participate in economic and monetary union from the date of accession. This means that Poland is obliged to eventually replace its currency, the zloty, with the euro.
The current government has repeatedly opposed joining the Eurozone in the foreseeable future. « It’s about maintaining Poland’s independence and sovereignty, » Glapinski said.
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