OPINION
Updated January 16th, 2024 at 15:28 IST
Poland flag | Image:Pixabay
Zloty break. It would be reasonable to expect that the co-author of a high-profile 2015 report on “completing Europe’s economic and monetary union” would put his country on the list of candidates to join the euro zone. Donald Tusk, who last month won back the job of Poland’s prime minister he had held between 2007 and 2014, may however have different priorities. Joining the monetary union is a long-term goal at best for his country.
The economic arguments for Poland to adopt the euro are strong. The country exports the equivalent of 63% of its GDP, and 75% of its trade is with the European Union. Exporters have benefitted from the 9.5% fall in the zloty against the euro since Warsaw joined the Union in 2004. But the volatility of the national currency has been a problem. In…
