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
In another move to strengthen the financial system, the Commission is proposing controls on credit rating agencies - private companies that evaluate financial risks for investors.
more »
Monday 10 November saw a large report land on the desk of MEPs in the Budgetary Control Committee.
more »
EU wants G20 meeting to pave the way for reform of the international financial system.
more »
New Yorkers reflect on the election of Barack Obama as the 44th President of the United States.
more »
The ability of the EU's common agriculture policy (CAP) to cope with the challenges of affordable food and climate change was discussed in Brussels 3-4 November.
more »
European Union economic growth should be 1.4% in 2008, half what it was in 2007, and drop even more sharply in 2009 to 0.2% before recovering gradually to 1.1% in 2010 (1.2%, 0.1% and 0.9%, respectively, for the euro area).
more »
There are an estimated 4-8 million immigrants working illegally in the European Union.
more »
Hit by economic turmoil and the sharp global downturn, growth in the EU slows almost to a halt.
more »
The top priority is to cushion the impact of the financial crisis on jobs, purchasing power and prosperity of EU citizens.
more »
The International Monetary Fund has approved short-term financing to help emerging market economies weather the global financial storm.
more »