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
HP (NYSE:HPQ) today announced financial results for its first fiscal quarter ended Jan. 31, 2009, with net revenue of $28.8 billion, up 1% from a year earlier and up 4% when adjusted for the effects of currency.
more »
Saddled with an ongoing housing crisis, rising unemployment and an arguably flawed system of balancing the budget, California's "Golden dream" has turned a dismal shade of gray.
more »
ATM software provider Level Four Americas LLC found in a recent survey that 67 percent of U.S. adults who use financial institution with ATMs would be likely to switch FIs after an instance of ATM fraud or a data breach.
more »
As designers put the finishing touches to their collections ahead of this year New York fashion week, the recession is on everyone's minds.
more »
On February 17 - March 13 this year, AB Bank SNORAS distributes one-year bonds with the fixed 11 per cent annual return, which can be regained after keeping the bonds for at least 28 days.
more »
Europe's controversial fishing policy was under scrutiny Tuesday at a public hearing in Parliament about its future shape.
more »
The European Commission has approved, under EC Treaty state aid rules, a Swedish aid scheme intended to bolster the financing of the real economy by providing capital to banks.
more »
During the draw another five winners of the Danske Bankas monthly Scholarship award were announced.
more »
In the special action of Bank SNORAS the participating depositors were presented 12 monetary prizes whose value reaches from 1 up to 50 thousand Litas.
more »
Solid performance despite rapid economic slowdown.
more »