EURO Currency : Should Poland join??

from en.wikipedia.org/wiki/Euro
As of 2007, 11 new EU member states had a currency other than the euro; however, all of these countries are required by their Accession Treaties to join the euro. Some of the following countries have already joined the European Exchange Rate Mechanism, ERM II. They and the others have set themselves the goal of joining the euro (EMU III) as follows:

scarbyirp	May 8, 07, 11:21 / #
Would this be good for Poland in the long term? Do you think it improve wages and working conditions for Polish workers?

helloThreads: 37 Posts: 1,104 Joined: Dec 5, 06	Edited by: hello May 8, 07, 13:29 / #
I guess Poland has no choice now but to join Euro. Millions of Euros has been spent for "pro-European Union" and "pro-Nato" advertising campaigns, many famous actors and sportsmen have been paid and involved too; the same case will be with Poland joining Euro. It's like advertising for the masses.

daffyThreads: 40 Posts: 2,118 Joined: Feb 5, 07	May 8, 07, 16:02 / #
Quoting: hello I guess Poland has no choice now but to join Euro they have a choice - like the UK did - but i think its to Polands gain to join it. GBP was stronger than the Euro at the time of launch whereas the euro is stronger than the zloty at present. Once Poland reaches the economic criteria - they should join the euro I think.

KowalskiThreads: 12 Posts: 619 Joined: Sep 13, 06	May 8, 07, 16:50 / #
^ They don't have a choice. Their contract to join EU included part saying adoption of Euro currency was obligatory. Our finance minster has reflected on possible referendum on the issue but it would be about WHEN not IF. I'm in type of busienss were receiving payments in Euro and making payments in PLN it is a headache since the exchange rate fluctuate and there is some extra calculations required and checking of current rates. It's annoying at least.

daffyThreads: 40 Posts: 2,118 Joined: Feb 5, 07	May 8, 07, 17:00 / #
Quoting: Kowalski I'm in type of busienss were receiving payments in Euro and making payments in PLN it is a headache since the exchange rate fluctuate and there is some extra calculations required and checking of current rates. It's annoying at least. doesnt matter - i work for an american MNC and we deal in dollars depsite being in Ireland. it is down to your co. structure what currency you deal in and negotiate with suppliers etc. eg we have contracts in the far east in dollars and euro for eg. depends. AS to PL joining the euro as part of joining the EU - you'll find it was NOT a pre-requisite but a statement made on behalf of the Polish government should/when they got into EU as something they aspire to do. It is still voluntary membership of EU members to join the Euro currency. The PL gov't may have committed to joining the euro but the EU did not commit PL to it and did not do so to any EU member. The members that accepted the euro did so of there own free will and economic think tanks weighing the pro's and con's and is a european unification dream step being achieved.

horunPolandThreads: - Posts: 127 Joined: Apr 4, 07	May 9, 07, 03:19 / #
I think we are not ready to take Euro our govermant are planing to do that in 2012. in my opinion countrys like Great Britain and Sweden which still have own monay are in better geopolitical and economy situation and we Poland shoud do the same thats only my opinion....

daffyThreads: 40 Posts: 2,118 Joined: Feb 5, 07	Edited by: daffy May 9, 07, 03:59 / #
Quoting: horunPoland Great Britain and Sweden Quoting: horunPoland Poland shoud do the same I agree Poland must wait, however, Poland does not have the same economic output as GB or Sweden and the Euro has been advantageous to mainland eu countries, encouraging internal markets and providing greater transparency of prices. as to name but a few benefits In my opinion Poland should join once the economy can handle it.

dannyboyThreads: 24 Posts: 298 Joined: Feb 15, 07	Edited by: Administrator May 9, 07, 04:40 / #
Daffy, far as I'm aware, they are required by their accession treaties to joint the euro. But I do take your point into consdieration. from en.wikipedia.org/wiki/Euro As of 2007, 11 new EU member states had a currency other than the euro; however, all of these countries are required by their Accession Treaties to join the euro. Some of the following countries have already joined the European Exchange Rate Mechanism, ERM II. They and the others have set themselves the goal of joining the euro (EMU III) as follows: Personally, I think Poland will the the last of the A10 countries to join. The economy is too weak, big country, lots of people. I would guess 2017, although other economically better countries will join sooner - slovakia, czech

daffyThreads: 40 Posts: 2,118 Joined: Feb 5, 07	May 9, 07, 04:47 / #
Thanks Danny for that post, Interesting post. Though I feel that they wont get into the euro if there economies are not strong enough first so thats where I come from that there is flexibility in the treaties and always open to maneourability still, better to be in it, init :)