The Polish Prime Minister says that the introduction of the euro would cause prices to rise
WARSAW, Poland (AP) — Poland’s prime minister on Tuesday strongly argued against the country’s adoption of the European Union’s common euro…
WARSAW, Poland (AP) — Poland’s prime minister on Tuesday strongly argued against the country’s adoption of the European Union’s common euro in the near future, claiming that its recent adoption in Croatia would be “chaos” and a rise in costs. of livelihoods caused.
Prime Minister Mateusz Morawiecki said that replacing Poland’s national currency, the zloty, with the euro would push up inflation, which is already above 17%, and raise the cost of living for Poland.
Morawiecki claimed that EU member Croatia, which switched to the euro on January 1, saw “chaos” and prices reaching “exorbitant” levels.
“That price chaos in Croatia should be a warning to us,” Morawiecki told a press conference.
He said income levels in Poland need to approach the EU average before the country can start thinking about adopting the euro. The average monthly wage in the country is currently less than half of the EU average.
Countries within the EU’s 27 member states are expected to adopt the single currency at some point – although Denmark has been granted a special exemption – but there is no deadline and some have not yet started the process.
Poland has not set a date for converting to the euro.
With general elections scheduled for the fall and surveys suggesting the ruling right-wing coalition could lose control of parliament, Morawiecki used the issue to attack the opposition, saying he was “warning” its leaders who are advocating for the introduction of the euro.
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