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Szewczak, Janusz

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Gazeta Polska Codziennie - Poland | 27/03/2015

Euro would be fatal for Poland

The Polish presidential candidate of the national conservative party PiS, Andrzej Duda, has warned in his election campaign against introducing the euro on the grounds that - as in Slovakia - such a move would cause food prices to rise rapidly. The conservative daily Gazeta Polska Codzienna also warns of the risks the single currency entails: "For Poland, where the average per capita monthly income is a shameful 1,340 złoty [335 euros], introducing the euro would be tantamount to suicide. The cost of living would increase massively. Furthermore our exports would lose their competitive edge. And they, in turn, are the key factor for economic growth. In addition, it would then no longer be possible to influence markets by setting a fixed exchange rate. And that would strip us of an important financial policy instrument. The liberal-conservative governing party PO believes we should abandon the złoty. This shows that they've lost touch with reality."

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