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
Commission sets out first finance proposals for Copenhagen pact on climate change.
more »
The World Bank today approved a US$39.5 million loan for the Rio de Janeiro Sustainable Rural Development Project in southeastern Brazil.
more »
The World Bank Board of Executive Directors approved today an additional US$7.8 million for the Colombia Peace and Development Project.
more »
In 2008, the total number of non-cash payments, using all types of instruments, increased by 5% to 78 billion in the EU.
more »
Current economic indicators seem to show a cautious recovery in some of the biggest European economies, such as Germany and France.
more »
Launch Early Operation Phase (LEOP) has been successfully completed and the Palapa-D communications satellite is now in the nominal geostationary orbit (GEO).
more »
The Supervisory Council of AB DnB NORD Bankas on 8 September 2009 elected Šarūnas Nedzinskas as a member of the bank‘s Management Board.
more »
In the last few months farmers across Europe have taken their tractors to the streets to protest at what is being termed the biggest milk crisis for decades.
more »
Mobile telecoms companies have pledged to support the EU’s campaign to equip new cars with a device that would automatically call for help in the event of an accident.
more »
Nordic and Baltic countries aim to strengthen cooperation of business and industry stakeholders.
more »