Please note: a propaganda campaign has been launched to eliminate the Polish currency and introduce the euro in Poland – warns the Confederation.
On Tuesday, an article appeared on the front page of “Rzeczpospolita” entitled: “Loss of profits due to the euro”. The newspaper states that the Polish government should follow a course towards the introduction of the European currency. “The benefits outweigh the costs,” say economists, according to “Rz.”
The articles read: “Economists agree that Poland will suffer losses every year without the euro.”
The matter is not as simple as euro advocates would like to see. Both in terms of economists, whose voices are clearly divided, and in terms of Polish society.
Bosak: better zloty than euro
He responded to media publications, among others: one of the leaders of the Confederation, Krzysztof Bosak. This group consistently advocates the need for a country that wants to be a sovereign entity to have its own currency.
“Economists do not agree on the euro and will never agree. Most of the arguments for the euro formulated by economists are political, not economic arguments. The author is a former journalist from Wyborcza, for whom the gradual tightening of EU integration and the liquidation of state sovereignty is a matter of doctrine, not pragmatism,” Bosak emphasizes.
“Pragmatically, the ability to adjust the value of the currency to one’s own economic circumstances is worth more than reducing exchange rate risk in one specific direction. And of course it is not profitable to transfer control over financial policy to supervisors.” institutions from Frankfurt, Brussels and Paris, because the power over the financial market is autonomy in economic policies fit for the 21st century (or lack thereof),” adds the Confederation MP.
Zandberg: Economists disagree
Interestingly enough, Adrian Zandberg has a similar opinion. The Razem politician does not hide that rapid entry into the eurozone is not only impossible, but could also be harmful to the Polish economy.
– I don’t think it is true that economists agree that every year without the euro means losses in Poland. I think in Poland there are different economists and different beliefs – he said in Polsat News’ Graffiti.
The MP added that he shares the views of those who are skeptical about the rapid adoption of the euro. “I don’t think this is something we should bet on over the next two years,” he said.
– Many convergence factors need to take place before the euro conversation makes sense. Poland does not currently meet the accession criteria. We are in favor of first significantly increasing the EU’s joint public investments and ensuring the convergence of social rights and wages. Then it makes sense to talk about the common currency, he continued.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
