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    ‘We’re in the top tier now’: Poland sees no need to ditch złoty for euro as economy booms
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    ‘We’re in the top tier now’: Poland sees no need to ditch złoty for euro as economy booms

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    26 Comments

    1. [deleted] on

      built on 260 billion of euro funding and they STILL want 23% vat on energy bills, 9% zus and 32% pit, with vat bills too, NFZ is fucked, the złoty is worthless outside the border but yeah, its going great

    2. sipso3 on

      Valve knew that for years! Steam prices for Poland are now higher than EUR not to mention USD. Polish Mountain!!! /s

    5. AdminEating_Dragon on

      I swear I see this type of articles about Poland in this sub 10 times the frequency I see them about any other country.

      Are the Poles so desperate to constantly shout to the world “look how great we’re doing, we deserve to sit with the big boys”?

    6. VigorousElk on

      Some EU countries need a friendly reminder that upon accession they agreed to (and are legally required to) join the Euro.

      This isn’t optional, and yet countries like Poland and Sweden pretend it is and show no signs of moving towards Euro adoption.

    7. p_pio on

      Tbf. going for euro now would result in long term inflation pressure as Poland got one of the most lopsided PPP in all of the world. Polish GDP pc in 2024 was 18K USD, while PPP was 45K. That means that price disparity accounted for 2.5 GDP. For comparision Germany got it at 44K and 63K respectievly, so at 1.4.

      Until zloty apreciate to account for this getting euro would be a risk.

      That being said: comparing with Slovakia Poland got 1.7 point higher yield on bonds. As their overall financial and economic performance is comparable (or rather: Polish is better) we can assume that it’s due to percieved currency risk.

      Which means that aside of other potential gains, e.g. in trade, not having euro cost Poland over 30B PLN annualy just on interest payments.

    8. BergderZwerg on

      That does mean they graduate from being one of the biggest takers of EU money to actually contributing more than they take, right? I mean if their economy is booming so much, also thanks to the EU basically funding/ supporting everything, then it’s time for them to contribute to the next country’s rise to the top.

    12. Deathchariot on

      Why would that be a reason against the Euro though? A strong economy is a good basis for Euro adoption. Weak economies might struggle when adopting the Euro because they can’t devalue their currency to boost exports. So naturally Poland should strive to adopt the Euro ASAP if their economy is that strong 🙂

    13. Cool-Particular-4159 on

      I like to think that being in the ‘top tier’ includes joining the biggest currency union in the world, which also represents the pinnacle of a successful history of European integration.

      Of course, retaining the złoty may still be economically prudent for now to keep exports cheap and so on, but later on? I think adopting the euro would be the best long-term move.

      No rush, but eventual commitment would be great.

    15. Roxven89 on

      Even if we would like to and need to join. We simply cannot because we are not fulfilling strict criteria.

    16. TheMyzzler on

      So when are they reimbursing the EU for the billions they’ve leeched off us in the last 3 decades?

    19. Gamebyter on

      There are few virtues the Poles do not possess—and there are few mistakes they have ever avoided – Winston Churchill

    24. talinseven on

      How does that work for electronic payments when you travel to a member state that doesn’t use the euro? Does your bank charge you fees or just convert based on the exchange rate?

    26. jkurratt on

      I don’t know why, but apparently Poland can get some profit from separate currency 🤷🏿