Poland is still not ready to adopt the euro currency 20 years after joining the European Union, AP News reports.
Andrzej Domański, finance minister in Prime Minister Donald Tusk’s cabinet, said in an interview with TVN24 on Monday that Poland’s entry into the eurozone, a currency union of 20 EU members, is not justified at this time.
He said he believed having its own currency, the zloty, had helped Poland avoid recession during the global financial crisis and weather other shocks.
On Wednesday, Poland and nine other countries will mark the 20th anniversary of their accession to the EU, which took place on 1 May 2004. Under the terms of membership, Poland pledged to replace the zloty with the EU’s single currency.
