Polish ruling party says no to the euro

EPA-EFE//TOMASZ GZELL

Leader of the Law and Justice (PiS) rulling party Jaroslaw Kaczynski (C) takes part in the National White and Red March 'For You Poland' to mark Polish Independence Day in Warsaw.

Polish ruling party says no to the euro


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Poland won’t adopt the euro before its economy matches the size of neighouring Germany, the ruling Law and Justice Party (PiS) Chairman Jaroslaw Kaczynski said.

In a speech delivered in a campaign event in Lublin, in eastern Poland, Kaczynski noted that EU treaties do not set a definite deadline on Eurozone membership. “… Someday we’ll do it, but this will happen when our level of wealth comes close to that of Germany,” Kaczynski said.

The PiS has often argued that the euro is an instrument of German domination. Kaczynski, himself, has accused the liberal opposition of pushing to abandon the zloty, the national currency, as the government insists that this would destroy Poland’s market competitiveness. The government also intends to push forward with a €10 billion fiscal stimulus programme despite growing calls for a more prudent fiscal policy.

“We’re certainly not racing to the Eurozone. it’s going through problems and has a lot of limitations for us,” Prime Minister Mateusz Morawiecki told the Catholic Radio Maryja in December 2018.

The liberal opposition, the Civic Platform, has not committed to a specific monetary policy, although the party of EU Council President Donald Tusk is more committed to European integration than the fiercely nationalist PiS.

Polls show that a majority of Poles oppose an early adoption of the euro, while the Civic Platform seeks bipartisan “national consensus” for Eurozone membership. In the meantime, the opposition wants the economy to prepare to join the Eurozone and has made the case that Poland needs to be anchored to Western Europe rather than going it alone.

PiS leads all major polls with only weeks before Poles vote for the 2019 Euro elections. The IBRIS pollster suggests the ruling PiS leads the race with 39% (38,7%), while the so-called European Coalition backed by the Civic Platform polls in the region of 36% (36,2%).

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