Sponsored
Article Tools

Euro-Introduction: Cutting Debts Precondition for Poland

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

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: © Flickr

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…

This article includes a total of 144 words.

or Log In

Fast News Search
Related News
Restrained Optimism in Polish Financial Market (January 27, 2014)
Poland: Banking Sentiment Rises (January 23, 2014)
Poland Added in IMF´s Watch List (January 16, 2014)
S&P: Polish Banks to Remain “Strongly Profitable” (January 15, 2014)
Poland: On Path of Recovery and Growth (January 7, 2014)
Read More
Poland, Leaders, Mateusz Szczurek, Monetary Policy, Brussels, Eurozone, Budget Deficit, Public Debts, Fiscal Policy
Featured
Updated Directory of Foreign Ambassadors in Austria 2018
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter