Fin Min declares Poland is ready to adopt the Euro

2007-10-17 00:00

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2007-10-17 00:00

On Tuesday the government approved the convergence program, which will be delivered to the European Commission in a few days. According to the document, Poland's public finance deficit will be reduced to 3% of GDP in 2007, and even 2.5% of GDP by 2010. Economists worry whether the result of 2007 can be maintained over the next few years, while according to economist Mirosław Gronicki there is no threat of an immediate catastrophe. "The best moment for accepting the Euro has already passed. [...] The "Give away" policy of the PiS government will result in deterioration of the result," said Radosław Bodys, an economist with Merrill Lynch. According to Merrill Lynch the deficit will stand at 4.5% in 2008. (Rzeczpospolita, p. B1; Parkiet, pp. 1, 15) M.M.

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Fin Min declares Poland is ready to adopt the Euro

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