Finance

Poland/Morawiecki: Transition to Euro boosts inflation

Polish Prime Minister Mateusz Morawiecki cited the example of Croatia in his country’s discussion of adopting the euro, saying that this would increase the cost of living and that they are against it for the time being.

Polish Prime Minister Mateusz Morawiecki strongly opposed the possibility of the country’s switch to the euro, saying its recent adoption in Croatia has caused “chaos” and an increase in the cost of living.

Prime Minister Morawiecki argued that if Poland started using the euro instead of the zloty, it would increase inflation, which is already over 17 percent.

The Prime Minister stated that this would increase the cost of living for Poles.

Morawiecki, emphasizing that the EU member Croatia, which switched to the euro on January 1, saw “chaos” and that the prices had reached “exorbitant” levels, said, “The chaos in prices in Croatia should serve as a warning mission for us.”

Morawiecki noted that income levels in Poland should approach the EU average for the country to start considering switching to the euro.

Poland has not set a date for the transition to the euro.