Poland adopting the Euro, but when?

Quoting: LondonChick

Really, you'd be surprised. I was discussing an ad for Wizz Air with a colleague (fairly smart individual) recently - he didn't get the line "get a loty for your zloty" until I explained that the Euro wasn't the currency in Poland.

masterpolack89Threads: 1 Posts: 5 Joined: Nov 11, 07	Dec 6, 07, 23:00 / #
Hey guys, what do you think about poland adopting the euro. Do you think its a good idea or do you guys prefer the Złoty more. I personally agree with adpoting the euro, but the thing is, when will they get it? what do you guys think.

BubbaWooThreads: 46 Posts: 4,438 Joined: Sep 26, 06	Dec 7, 07, 00:03 / #
anyone care to guess what the adoption exchange rate might be?

Foreigner4Threads: 22 Posts: 1,984 Joined: Nov 18, 07	Dec 7, 07, 01:46 / #
i'm worried about the exchange rate and how wages and salaries will be adjusted. In germany, even though the euro was valued and 2x the deutchmark, what used to cost 1 dm ended up costing 1 euro the next day. If that were to happen in Poland without the same thing happening in wages (didn't in germany) it would be disaster.

gosiaczekThreads: 3 Posts: 89 Joined: Nov 17, 07	Dec 7, 07, 02:09 / #
Quoting: masterpolack89 when will they get it? I think not earlier than in 2012 Quoting: masterpolack89 what do you guys think I don't mind, although i like złotówki:)

PolsonThreads: 15 Posts: 2,812 Joined: May 9, 07	Dec 7, 07, 04:50 / #
Quoting: masterpolack89 Do you think its a good idea or do you guys prefer the Złoty more. We're not in a hurry, are we ?...but i agree too with adopting the single currency. Tusk is working on it ;) Quoting: masterpolack89 when will they get it? Not immediately. Not before 2011.

LondonChickThreads: 43 Posts: 1,261 Joined: Nov 19, 07	Dec 7, 07, 04:56 / #
It's amazing how many people in the UK think that the Euro is already the currency in Poland. Before my last trip, my dad offered to give me some Euros that he had left over from his trip to France :)

PolsonThreads: 15 Posts: 2,812 Joined: May 9, 07	Dec 7, 07, 05:05 / #
The UK, Denmark and Sweden don't have the Euro either...maybe later...

ShelleySThreads: 18 Posts: 3,647 Joined: Jun 26, 07	Dec 7, 07, 05:15 / #
Quoting: LondonChick It's amazing how many people in the UK think that the Euro is already the currency in Poland. Before my last trip, my dad offered to give me some Euros that he had left over from his trip to France :) I would have thought it would be a surprisingly few actually since their currency is advertised...same as the Czech currency on most currency lists in most exchange places these days.

the_falksterThreads: 1 Posts: 188 Joined: Nov 15, 07	Dec 7, 07, 05:20 / #
Quoting: Polson The UK, Denmark and Sweden don't have the Euro either...maybe later... pro's and con's... easy one actually. economies with a stable currency should think twice before making the change to the euro. that's why the uk did right when deciding against it lately (well... 2 years ago?). as a matter of fact the "richer" countries had their currency downvalued while for "poorer" ecomnomies the opposite was the case when the euro was first introduced... Quoting: Foreigner4 In germany, even though the euro was valued and 2x the deutchmark, what used to cost 1 dm ended up costing 1 euro the next day simply not true... it took some years to reach that mark, but still that would be far to quick to get through as inflation rate... ;) as poland is going through a lot of changes both parties (ecu and poland) should watch and analyse before commiting to a certain exchange rate...

PolsonThreads: 15 Posts: 2,812 Joined: May 9, 07	Dec 7, 07, 05:31 / #
Quoting: the_falkster as poland is going through a lot of changes both parties (ecu and poland) should watch and analyse before commiting to a certain exchange rate... Yep, agree.

the_falksterThreads: 1 Posts: 188 Joined: Nov 15, 07	Dec 7, 07, 06:02 / #
Quoting: LondonChick looking out for the Polish flag, you don't tend to think about it very true. happened even to me (german with polish girlfriend, living in uk) for a split second when my gf flew back to poland. it just seems so natural to assume that every eu country would use the same currency... apart from uk, of course... :D Quoting: LondonChick get a loty for your zloty i laughed my backside off when i saw that ad first...

plk123Threads: 30 Posts: 6,412 Joined: Aug 29, 07	Dec 7, 07, 14:21 / #
polish airline is called LOT also. it is a play on words but polish ones. lol

Grzegorz_Threads: 81 Posts: 6,213 Joined: Nov 16, 06	Dec 7, 07, 14:57 / #
Quoting: masterpolack89 Do you think its a good idea or do you guys prefer the Złoty more. There are pluses and minuses... Quoting: masterpolack89 but when? There are limits on public debt and inflation... The 2nd one can be a problem, very high prices of oil, growing prices of food etc. makes inflation higher - in "new Europe" more than in old EU. Inflation in Baltic states is something like 10%, in Poland, which in last years had very low inflation It's now almost 3%, next year probably close to 4%...

Grzegorz_Threads: 81 Posts: 6,213 Joined: Nov 16, 06	Dec 7, 07, 14:59 / #
Quoting: kochanie They aren't even in the E.U, They are. Norway isn't.

LondonChickThreads: 43 Posts: 1,261 Joined: Nov 19, 07	Dec 7, 07, 05:55 / #
Quoting: ShelleyS I would have thought it would be a surprisingly few actually since their currency is advertised...same as the Czech currency on most currency lists in most exchange places these days. Really, you'd be surprised. I was discussing an ad for Wizz Air with a colleague (fairly smart individual) recently - he didn't get the line "get a loty for your zloty" until I explained that the Euro wasn't the currency in Poland. I guess if you're not used to looking for Zloty / looking out for the Polish flag, you don't tend to think about it.

LondonChickThreads: 43 Posts: 1,261 Joined: Nov 19, 07	Dec 7, 07, 06:10 / #
Aha - you are German? You'll get the whole Teuro gag then.....

ShelleySThreads: 18 Posts: 3,647 Joined: Jun 26, 07	Dec 7, 07, 06:25 / #
Quoting: LondonChick Really, you'd be surprised. I was discussing an ad for Wizz Air with a colleague (fairly smart individual) recently - he didn't get the line "get a loty for your zloty" until I explained that the Euro wasn't the currency in Poland. And smart does not = well travelled does it now :) Do you know what the currency of Croatia is? Do you know what the currency for Hungary is? do you know what the currency for Latvia is? and to be honest I have no idea what loty and zloty would have in common?

the_falksterThreads: 1 Posts: 188 Joined: Nov 15, 07	Dec 7, 07, 07:14 / #
Quoting: ShelleyS what loty and zloty would have in common it is called a joke. this time as a rhyme. "get a lot(y) for your money"... apparently english people are worldfamous for their wordplay. and this is just a very nice example for it... Quoting: ShelleyS Do you know what the currency of Croatia is? no. Quoting: ShelleyS Do you know what the currency for Hungary is? forint as far as i remember(?) Quoting: ShelleyS do you know what the currency for Latvia is? no again... but didn't you say it would be easy to spot different currencies as it is advertised on exchange places??? Quoting: LondonChick You'll get the whole Teuro gag then of course... that's why i prefer £££'s... ;)

kochanieThreads: 5 Posts: 125 Joined: Aug 13, 07	Dec 7, 07, 11:28 / #
Quoting: Polson The UK, Denmark and Sweden don't have the Euro either Sweden won't be adopting the Euro..They aren't even in the E.U, they don't join anyone's gangs as my geography teacher told me :)

kochanieThreads: 5 Posts: 125 Joined: Aug 13, 07	Dec 7, 07, 11:31 / #
Quoting: ShelleyS Do you know what the currency of Croatia is? Kuna Quoting: ShelleyS Do you know what the currency for Hungary is? Forint Quoting: ShelleyS do you know what the currency for Latvia is? Lats

plk123Threads: 30 Posts: 6,412 Joined: Aug 29, 07	Dec 7, 07, 11:34 / #
Quoting: the_falkster "get a lot(y) for your money"... nope, get flight for your Zł. loty = flights

LondonChickThreads: 43 Posts: 1,261 Joined: Nov 19, 07	Dec 7, 07, 13:14 / #
Quoting: plk123 Quoting: the_falkster "get a lot(y) for your money"... nope, get flight for your Zł. loty = flights Wow.... how clever is that??! As a non-polish speaker I made the same assumption as Falkster... Genius play on words.

Foreigner4Threads: 22 Posts: 1,984 Joined: Nov 18, 07	Dec 7, 07, 14:53 / #
Quoting: the_falkster simply not true... well that's what i get for listening to germans isn't it. That's what i was told by the germans when i was living there. live and learn, cheers mate.

kochanieThreads: 5 Posts: 125 Joined: Aug 13, 07	Dec 8, 07, 11:57 / #
Quoting: Grzegorz_ Quoting: kochanie They aren't even in the E.U, They are. Norway isn't. Oops I meant Switzerland, not Sweden :\

the_falksterThreads: 1 Posts: 188 Joined: Nov 15, 07	Dec 8, 07, 19:15 / #
Quoting: plk123 nope, get flight for your Zł. loty = flights mate, we are both right. "nope" is the wrong answer. the nice thing with word play is that it is only word play if it works in both directions here. but yes... the polish variant wasn't as obvious to me as wasn't the english to you... ;) as LondonChick said already.. now it is even more genius... that kind of word play is what i love the english for... :D

the_falksterThreads: 1 Posts: 188 Joined: Nov 15, 07	Dec 8, 07, 19:19 / #
Quoting: Foreigner4 that's what i get for listening to germans isn't it. That's what i was told by the germans when i was living there me german too... ;) you have to understand that us germans we do like to paint every picture in black and white... and it is quicker (efficiency!) to reduce a couple of years of development to one night that it (didn't) took the prices to rise... ;) you get the point...? we are strange...

Foreigner4Threads: 22 Posts: 1,984 Joined: Nov 18, 07	Dec 8, 07, 19:48 / #
:) I hear ya. I feel a lil silly for not questioning what i heard a lil more when i heard it, but thanks for clearing that up for me, i appreciate this reply.

DaveyThreads: 17 Posts: 436 Joined: Jun 29, 07	Dec 9, 07, 08:47 / #
haha I remember in the airport seeing the phrase 'thanks za lot', I thought it was kind of cheesey... Anyways I hope they don't adopt the Euro, I think it is good to have their own currency because in Canada we have the dollar just like many other countries and we have English as our language like many other countries, I think it gives a sense of cultural identity....plus the złoty is really cheap compared to the dollar and I dont want that to change for when I go on vacation there=P

Neil63Threads: 9 Posts: 58 Joined: Apr 29, 07	Dec 9, 07, 13:48 / #
You must remember - if your country choose the Euro over the Zloty you will have people in Brussels making decisions about your country's finance. The European Central Bank will decide when interest rates will go up or down - this might be good for one country but might not be good for another - you will lose control. When the transition form Euro to Zloty happens (if it happens) you will see the cost of everything go up a little. On the other hand businesses that deal internationally will not have the fluctuations of currency change. I live in the UK I am quite happy with the pound.

sinistarThreads: - Posts: 18 Joined: Dec 18, 07	Dec 21, 07, 06:34 / #
I'm from Belgium and since we have the euro prices of regular things have gone up like mad (food for example) and wages aren't going up same way.. and I noticed it's like this in every country that got the euro.. so don't know if going euro would be a to good idee for poland