Politicians believe Poland will meet the strict fiscal criteria necessary to enter the Euro zone within three years
Published:
14 October 2004 y., Thursday
A new government strategy would see one of the fundamental requirements-budget deficit-lowered to 2.7% by 2007. This would give Poland the green light for joining ERM2, the waiting room that prepares new entrants for the Euro zone. Members are required to keep their currencies within a range of +/- 15% of the central standard.
Deputy president of the Central Bank Krzysztof Rybiński said potentially Poland could be ready to join ERM2 even earlier, in 2005. However, in order to do so the Central Bank would have to stop the appreciation of the złoty, which until now it has been reluctant to do.
In light of the government's prediction that Poland could qualify for the Euro zone in three years, the WBJ asked two leading economists for their thoughts. While united in their support for the move, both ING Bank Śląski's Mateusz Szczurek and Michał Dybuła from BNP Paribas were concerned about one area in particular... their own future in 2007.
Šaltinis:
Warsaw Business Journal
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
An International Monetary Fund mission led by Mr. Paulo Drummond visited Bissau during January 12-27, 2010, to discuss the government’s medium-term economic program that could be supported by the IMF under the Extended Credit Facility.
more »
The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed to support US$1.9 billion in debt relief for the Republic of Congo, which includes US$255.2 million of debt relief from the two institutions.
more »
In 2009, net external assets of Monetary Financial Institutions remained negative but increased by LTL 9.3 billion.
more »
Spain's Minister for Science and Innovation, Cristina Garmendia, supports making R&D+i at the heart of Europe as a key to economic recovery.
more »
Lithuania and Malta granted reprieve on budget deficits; Hungary and Latvia on track to meet deadlines.
more »
More responsibility for fishermen, rules favouring good fishing practice and adjusting fisheries management models to complement and improve the traditional quota system should be among the key aims of common fisheries policy reform, say MEPs in an own-initiative report approved by the Fisheries Committee on Wednesday.
more »
On January 8, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Yemen.
more »
On January 22, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Norway.
more »
Agriculture can help to slow climate change, but should be ready to adapt to the impact of global warming, said Agriculture Committee MEPs and scientists at a public hearing on Wednesday.
more »
The Ministers for Employment of the European Union are holding an informal council on Thursday 28 and Friday 29 January which will lay the foundations for drawing up the common policies in the area of employment which the European Union will adopt over the next ten years as part of the “2020 Strategy”.
more »