Political and socio-economical aspects of the Euro’s adoption in Poland  Cover Image

Polityczne i społeczno-ekonomiczne aspekty wprowadzenia euro w Polsce
Political and socio-economical aspects of the Euro’s adoption in Poland

Author(s): Józef M. Fiszer
Subject(s): Politics / Political Sciences
Published by: Instytut Studiów Politycznych PAN
Keywords: the adoption of the Euro; the accession to the so-called Euroland; Eurozone

Summary/Abstract: The debate on the adoption of the Euro and accession to the so-called Euroland has intensified recently in Poland, under the influence of the global financial crisis and the threat of recession hanging over the country. It has rapidly transpired that this issue has not only its economic, but also its political and social dimension. Obviously, the issue is neither simple nor easy, because a national currency is one of the components of national identity and attributes of the state’s sovereignty. This is why joining the Eurozone generates objections of the part of the political milieu and society, as exemplified by the 16 states, who have already taken this step. It transpires, however, that it is, in fact, a result of a lack of knowledge, or disinformation, rather than genuine threats related to adoption of the Euro. This article attempts to sketch both the Polish route to the Euro, and the political and socio-economic consequences of Poland’s adoption of the Union’s currency. The author demonstrates here that this route was entered with Poland’s accession to the European Union and that joining the Eurozone is inevitable and will bring about more positives than negatives. The main thesis of the article is the assertion that the adoption of the Euro is in Poland’s strategic interest, as it will provide a stimulus to continue structural changes in the national economy, contributing by the same to the economic growth and reduction of unemployment. Moreover, thanks to the Euro’s adoption, Poland’s international credibility, as well as her its position in both the European Union and the world will be enhanced.

  • Issue Year: 2009
  • Issue No: 24
  • Page Range: 119-147
  • Page Count: 29
  • Language: Polish