Is Poland going to adopt euro?

Polish Minister of Finance, Jacek Rostowski, expressed his opinion on Poland's accession to eurozone.

Poland will "definitely" adopt euro but not until the euro zone solves its current problems - says Jacek Rostowski, Polish Minister of Finance, during a panel on banking union which took place on November 30th 2012 during Third Treasury Talks „A European strategy for growth and integration with solidarity" in Paris.

Ministry of Finance informs that Rostowski also gave a speech "The Polish economy, the financial crisis in Europe and its solutions" during a press meeting with the members of the European American Press Club.

Jacek Rostowski said that keeping a democratic legitimacy is important in the process of creating a banking union. If European banking supervision entered into force it should be responsible not only to the European Parliament but also to national parliaments. According to the Minister a different situation would involve additional risks, particularly given the current complicated financial situation in Europe.

Polish economic slowdown is not severe enough to justify a change in the government's draft budget for 2013 – said Jacek Rostowski commenting on the economic growth which was lower than expected in the third quarter of 2012. At the same time the Minister assured that if necessary the government is ready to take corrective actions.

Jacek Rostowski has been the Minister of Finance since 2007. Since 2011 he is also a Member of Parliament of the Republic of Poland. He is one of the co-founders of the Center for Social and Economic Research (CASE).

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