Poland IA

Poland IA - Poland should not rush to sign up to the euro...

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Poland should not rush to sign up to the euro By Slawomir Skrzypek Published: April 12 2010 20:31 The writer, late president of the National Bank of Poland, submitted this article before he died in the Smolensk air crash on Saturday. It is published by agreement with Mr Skrzypek’s wife, Dorota, and the Bank Poland has had a relatively good crisis. Last year, we were the only country in the European Union to register economic growth . Poland’s real gross domestic product expansion of 1.7 per cent contrasted with an average EU decline of 4.2 per cent, and contractions of roughly 5 per cent in Germany, Britain and Italy. This year, when Europe has been plagued by concern over excessive Greek debt , the Polish economy is projected to grow 2.7 per cent, accelerating to 3 per cent in 2011, according to the International Monetary Fund. The one-time problem state of central Europe stands out as a success story in a worrisome European landscape. One important reason for this is that, as a non-member of the euro, Poland has been able to profit from flexibility of the zloty exchange rate in a way that has helped growth and lowered the
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Poland IA - Poland should not rush to sign up to the euro...

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