WARSAW, Poland (AP) — Twenty years after joining the European Union, Poland is still not ready to adopt the euro currency, the finance minister in the pro-European Union government said.
Andrzej Domański, finance minister in the Cabinet of Prime Minister Donald Tusk, said in an interview on TVN24 on Monday that Poland joining the eurozone, the currency union of 20 EU members, is not justified at this time.
He said he believed that having its own currency, the zloty, helped Poland avoid recession during the global financial crisis and to weather other shocks.
On Wednesday, Poland and nine other countries will mark the 20th anniversary of joining the EU, on May 1, 2004. Under the terms of membership, Poland committed itself to replacing the zloty with the single European currency.
Arkansas teacher, 26, is charged with sexually assaulting 15
China launches campaign to boost grain output
National Fitness Day: Equestrian
Pakistani president expresses condolences to Chinese citizens killed in terrorist attack
China to build pilot zones for special needs education reform
French musical Don Juan starts China tour
Bahraini marathon runner Kimutai suspended three years for doping
Stunning Michigan castle near Detroit hits market for $2.3M
ECB leaves interest rates unchanged