How is that even argument against joining eurozone?
SarmackaOpowiesc on
Good. Please don’t ever join.
Being able to inflate your own currency and adjust interest rates is an extremely powerful economic tool.
As Greece, Italy. And Spain have been finding out.
bannedByTencent on
Nobody asked, nobody cares.
personalbilko on
Interesting consideration against a single currency is the rise of cheap digital banking. When the Euro was first introduced, you had to take cash to a physical exchange that would charge you 5%+, risk getting robbed. Nowadays you just exchange money seamlessly on your card without noticing. The main argument – ease of doing business – is dead, or at least greatly diminished.
That having said, there’s also plenty of positive reasons to join the eurozone, and even if they currently don’t work for poland, it would be silly to dismiss them outright unconditionally, forever.
Polish economy won’t be geared to cheap exports to EU forever, if/when we catch up to the main EU players like Germany and France, a move to Euro could be in our interests.
TheKrzysiek on
Lack of Euro gave us more financial independence, which actually was pretty good for us a few times already, with big one being the fact that it helped us almost completely avoid 2008 crash
However, it would mean cheaper Steam games, but that’s more because Valve doesn’t want to update their currency conversion and we have to pay some of the highest prices in the world (fuck you Valve)
Elddif_Dog on
The second Poland joins Euro is the turning point where its economy will start going downhill.
Most EU countries were is a hurry to join Euro so they wouldn’t be left behind but recent years has shown the Euro is not working. You cant be Greek and have the same coin as Germany and be expected to attribute the same value to it. Its crippling the economies of the smaller countries while solidifying Germanys economical power over them.
Britain saw this coming and went scorched earth to get out, they are only now recovering.
Poland should work to make the Zlotty a solid currency in the world market, not give up its coin for the sake of being in a club nobody cares for.
100masks1life on
Morons the lot of them. While central euro currency may not be the best in terms of individual national interest it’s still much stronger and more stable currency than PLN, is better in terms of interest of the whole Europe and simply put we are not capable of effectively utilizing whatever meager advantage staying outside the euro zone provides.
matix0532 on
They’re right, that joining the Eurozone could probably make economic conditions worse. But I think that instead of refusing to join €, we should push to making a fiscal union.
The problems with common currency are quite common without having a fiscal union. Having a fiscal union would mean, that the EU has power over the budget for all member countries, but it would also mean that they have direct control over the currency, which current countries in the Eurozone don’t have.
This solution would probably revitalise the European economies. However, not many people are ready to make such a step.
Jedrzej_G on
2029 News: Poland’s Finance Minister proposes that neighboring countries adopt the Polish złoty and form a common monetary union.
Bob-mp on
Can you name countries which benefited from introducing Euro as currency, I will write down those who have lost:
– Italy, Spain, France, Belgium, Greece.
What’s the point?
NegativeMammoth2137 on
What do you means cools on?
At no point in the last 20 years did any Polish government (no matter the political ideology) seriously consider joining the Eurozone and absolutely nothing has changed on that front
Vast-Researcher-1398 on
We will never join eurozone, we saw what happened in Greece
mentsh_warszawer on
Joining the eurozone is as stupid as it gets. To willingly give up fiscal sovereignty is pure idiocracy.
Admiral45-06 on
There are many speculations that adopting Euro may increase prices, or may decrease them and make international business easier.
And, in all honesty, this uncertainty is what I find to be the strongest argument **against** joining Eurozone. It means that it can make us wealthier and our lives easier in the time of prosperity, but risk worsening living cost crisis way worse during crisis. There were countries for which Eurozone proved beneficial (Germany, Austria, and France), but also those for which it turned out to be a bad idea (Croatia ans Greece). And the problem is, it’s impossible to really tell which side of the spectrum would Poland find itself on.
On the other hand, Euro has its benefits – common currency attracts tourism from other EU countries, and the physical bank notes are more forgery-proof than the one of Polish PLN. I think Poland would benefit the most out of the PLN-Euro conversion rate as close to 1:1 as possible (whenever it’s possible) and adapting Eurozone’s security measures, but I would be sceptical to replace the PLN.
Gamebyter on
Not the smartest
Marcin222111 on
Huh, have we ever been even lukewarm about this topic to “cool on”? XD
Grzechoooo on
We’re frozen solid ever since PiS won parliamentary elections in 2015. I don’t see us adopting the Euro this half-century.
blinkinbling on
This is wrong. Polish zloty is linked to Euro and Poland’s economy doesn’t take advantage of having separate currency.
PeterServo on
This idea has been postponed for years now. At this point I don’t know if I will live to see us join the Eurozone.
neoqueto on
We have the obligation to adopt the Euro. But thankfully we can postpone indefinitely ❤️
FileProper3535 on
Lets see how much “cooling” happens when Poland’s goverment bonds get called into maturity.
**5.10% on the 10 year yeald for polish bonds.**
**2.9% for German – Eurozone bonds.**
**Its not comfortable to listen to, but fact of the matter is the long term fiscal sitation of poland will eventally force an adoption, since current governments have shown 0 restraint in deficit spending**
ellesco on
Sad that Poland is saying this. EU helped improve Polish economy and EU still do now they don’t want to contribute.
Themetalin on
The meltdown in r/europe tells me that this is good news.
Thin_Historian7892 on
There’s a weird strain of leftism that think keeping złoty is a right wing trait
25 Comments
How is that even argument against joining eurozone?
Good. Please don’t ever join.
Being able to inflate your own currency and adjust interest rates is an extremely powerful economic tool.
As Greece, Italy. And Spain have been finding out.
Nobody asked, nobody cares.
Interesting consideration against a single currency is the rise of cheap digital banking. When the Euro was first introduced, you had to take cash to a physical exchange that would charge you 5%+, risk getting robbed. Nowadays you just exchange money seamlessly on your card without noticing. The main argument – ease of doing business – is dead, or at least greatly diminished.
That having said, there’s also plenty of positive reasons to join the eurozone, and even if they currently don’t work for poland, it would be silly to dismiss them outright unconditionally, forever.
Polish economy won’t be geared to cheap exports to EU forever, if/when we catch up to the main EU players like Germany and France, a move to Euro could be in our interests.
Lack of Euro gave us more financial independence, which actually was pretty good for us a few times already, with big one being the fact that it helped us almost completely avoid 2008 crash
However, it would mean cheaper Steam games, but that’s more because Valve doesn’t want to update their currency conversion and we have to pay some of the highest prices in the world (fuck you Valve)
The second Poland joins Euro is the turning point where its economy will start going downhill.
Most EU countries were is a hurry to join Euro so they wouldn’t be left behind but recent years has shown the Euro is not working. You cant be Greek and have the same coin as Germany and be expected to attribute the same value to it. Its crippling the economies of the smaller countries while solidifying Germanys economical power over them.
Britain saw this coming and went scorched earth to get out, they are only now recovering.
Poland should work to make the Zlotty a solid currency in the world market, not give up its coin for the sake of being in a club nobody cares for.
Morons the lot of them. While central euro currency may not be the best in terms of individual national interest it’s still much stronger and more stable currency than PLN, is better in terms of interest of the whole Europe and simply put we are not capable of effectively utilizing whatever meager advantage staying outside the euro zone provides.
They’re right, that joining the Eurozone could probably make economic conditions worse. But I think that instead of refusing to join €, we should push to making a fiscal union.
The problems with common currency are quite common without having a fiscal union. Having a fiscal union would mean, that the EU has power over the budget for all member countries, but it would also mean that they have direct control over the currency, which current countries in the Eurozone don’t have.
This solution would probably revitalise the European economies. However, not many people are ready to make such a step.
2029 News: Poland’s Finance Minister proposes that neighboring countries adopt the Polish złoty and form a common monetary union.
Can you name countries which benefited from introducing Euro as currency, I will write down those who have lost:
– Italy, Spain, France, Belgium, Greece.
What’s the point?
What do you means cools on?
At no point in the last 20 years did any Polish government (no matter the political ideology) seriously consider joining the Eurozone and absolutely nothing has changed on that front
We will never join eurozone, we saw what happened in Greece
Joining the eurozone is as stupid as it gets. To willingly give up fiscal sovereignty is pure idiocracy.
There are many speculations that adopting Euro may increase prices, or may decrease them and make international business easier.
And, in all honesty, this uncertainty is what I find to be the strongest argument **against** joining Eurozone. It means that it can make us wealthier and our lives easier in the time of prosperity, but risk worsening living cost crisis way worse during crisis. There were countries for which Eurozone proved beneficial (Germany, Austria, and France), but also those for which it turned out to be a bad idea (Croatia ans Greece). And the problem is, it’s impossible to really tell which side of the spectrum would Poland find itself on.
On the other hand, Euro has its benefits – common currency attracts tourism from other EU countries, and the physical bank notes are more forgery-proof than the one of Polish PLN. I think Poland would benefit the most out of the PLN-Euro conversion rate as close to 1:1 as possible (whenever it’s possible) and adapting Eurozone’s security measures, but I would be sceptical to replace the PLN.
Not the smartest
Huh, have we ever been even lukewarm about this topic to “cool on”? XD
We’re frozen solid ever since PiS won parliamentary elections in 2015. I don’t see us adopting the Euro this half-century.
This is wrong. Polish zloty is linked to Euro and Poland’s economy doesn’t take advantage of having separate currency.
This idea has been postponed for years now. At this point I don’t know if I will live to see us join the Eurozone.
We have the obligation to adopt the Euro. But thankfully we can postpone indefinitely ❤️
Lets see how much “cooling” happens when Poland’s goverment bonds get called into maturity.
**5.10% on the 10 year yeald for polish bonds.**
**2.9% for German – Eurozone bonds.**
**Its not comfortable to listen to, but fact of the matter is the long term fiscal sitation of poland will eventally force an adoption, since current governments have shown 0 restraint in deficit spending**
Sad that Poland is saying this. EU helped improve Polish economy and EU still do now they don’t want to contribute.
The meltdown in r/europe tells me that this is good news.
There’s a weird strain of leftism that think keeping złoty is a right wing trait
They like a pile of money in their hand.