To Euro or Not to Euro
Sometimes people have an overwhelming grasp of the obvious. For instance Polish Finance Minister Mateusz Szczurek has said that Poland is still not ready to join the euro.
One the other hand Lithuania adopted the common currency on the first day of 2015, but their own money was pegged to the value of the Euro for the last several years.
Szczurek told Polish Radio on that while the euro is good news for Lithuania’s economy, this is not necessarily so for Poland.
The Euro is rapidly devaluing and the ECB (Central Bank) will likely be printing a Trillion Euros or more this year. There is a deflationary pressure on the European economy and industrial output and employment are in a heap of trouble.
Although taking the slow approach, Poland’s finance minister is continuing plans on adopting the Euro, saying that “the discussion on joining the Euro in Poland should continue”.
If Szczurek is waiting for stability in the Eurozone... Hell might freeze over and the 19 nations using the common currency or at least some of them might go back to their own coinage.
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Szczurek told Polish Radio on that while the euro is good news for Lithuania’s economy, this is not necessarily so for Poland.
The Euro is rapidly devaluing and the ECB (Central Bank) will likely be printing a Trillion Euros or more this year. There is a deflationary pressure on the European economy and industrial output and employment are in a heap of trouble.
Although taking the slow approach, Poland’s finance minister is continuing plans on adopting the Euro, saying that “the discussion on joining the Euro in Poland should continue”.
If Szczurek is waiting for stability in the Eurozone... Hell might freeze over and the 19 nations using the common currency or at least some of them might go back to their own coinage.
posted by Denny @ 11:16 AM
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