“The zloty fulfilled its goal in the time of that crisis but should there be another earthquake around Poland, being outside the Eurozone would be particularly dangerous for the country, its inhabitants and economy. Should we have another typhoon in Europe, similar to the one after the collapse of Lehman Brothers in 2008, we wouldn’t be able to survive even though we are part of the European Union because we’re not in the Eurozone,” says Janusz Piechociński, Poland’s Deputy Prime Minister and Minister of Economy.
Despite that pressure, no date has been scheduled yet. Before Poland is able to join the Eurozone, the Parliament needs to amend the country’s Constitution.
After Lithuania joins the Eurozone in January 2015, Poland, the Czech Republic and Hungary will remain the economies which joined the European Union in 2004 and still use their national currencies.
More information on: Why Emerging Europe
Photo © Anna Karahan
