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Euro-Introduction: Cutting Debts Precondition for Poland

People ♦ Published: January 29, 2014; 12:43 ♦ (Vindobona)

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Finance Minister Mateusz Szczurek stressed that cutting debts was a key condition for Poland before it could be admitted to the single currency union.

Euro-Introduction: Cutting Debts Precondition for Poland / Picture: © Vindobona.org

The reduction of the public debt rate was an imporant prerequisite for the country to enter the Eurozone, since Poland should have room for fiscal adjustments when joining the single currency union, Szczurek said.

"If we are dealing with a situation in which ... the interest rate is too low for Poland and too high for another country, then we need mechanisms that would allow for…