Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Turkish Airport Blasts

Read more

EYE ON AFRICA

France indicted for support of ex-Chad dictator Hissene Habre

Read more

THE DEBATE

The big breakup: The EU after Brexit

Read more

FOCUS

France struggling to recruit prison imams

Read more

ENCORE!

Brazil’s contemporary art star Vik Muniz comes to Paris

Read more

FASHION

Men's fashion for summer 2017, part 1

Read more

ENCORE!

Music show: Metronomy, Celine Dion, Snoop Dogg and Jazz

Read more

TALKING EUROPE

UK votes to leave the EU: What now? (part 2)

Read more

IN THE PAPERS

'Iceland: How far will they go?'

Read more

Poland to accept euro in 2011

Latest update : 2008-09-10

Prime Minister Donald Tusk announced on Wednesday Poland's plans to adopt the European currency in 2011. It is the first time Polish officials have set a time table to join the Eurozone.

Poland, which joined the European Union in 2004, wants to adopt the eurozone single currency by 2011, Prime Minister Donald Tusk said on Wednesday, setting a target entry date for the first time.

"For the first time, I will say with responsibility that my government will aim for entry into the eurozone in 2011," Tusk said.

"It will be a difficult matter but possible to realise."

The largest of the 2004 EU newcomers, Poland agreed to meet macroeconomic criteria for euro adoption as part of its EU accession agreement but until now had refused to set a target date to replace its currency, the zloty, with the euro.

In February, Finance Minister Jan Rostowski said Poland would meet the criteria for euro adoption -- mainly on limiting inflation -- by 2010-2012.

On Tuesday, Tusk's liberal government approved the country's draft 2009 budget which forecast economic growth at 4.8 percent and inflation at 2.9 percent.

The 2008 budget was based on economic growth of 5.5 percent with annual inflation at 2.3 percent.

The Polish zloty strengthened Wednesday against both the euro and the dollar on the heels of the prime minister's announcement.

Date created : 2008-09-10

COMMENT(S)