Open

Coming up

Don't miss

Replay


LATEST SHOWS

ENCORE!

The Biennale des Antiquaires: Where Miro meets million-dollar jewellery and antiques

Read more

THE OBSERVERS

Attacks on migrants in Tangiers and unwelcome stares from men in Cairo

Read more

AFRICA NEWS

Ebola virus: US to send 3,000 troops to West Africa

Read more

IN THE PAPERS

France looks on as Scotland votes

Read more

FACE-OFF

Manuel Valls: A weakened Prime minister?

Read more

BUSINESS DAILY

Jack Ma, the man behind Alibaba's record stock market debut

Read more

DEBATE

If Scotland Says 'Aye': Polls Say Indpendence Referendum Too Close to Call

Read more

DEBATE

If Scotland Says 'Aye': Polls Say Independence Referendum Too Close to Call (part 2)

Read more

MEDIAWATCH

Scottish referendum in the media

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)