Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-06-19-Speech-2-350"
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"en.20070619.44.2-350"2
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"Mr Czarnecki, being a Member State of the European Union, as we have just discussed in the last reply, brings with it the obligation to adopt the euro, except in the case of Denmark and the United Kingdom, which negotiated an ‘opt-out’ clause
The Member States that are not yet members of the euro zone are committed to adopting the single currency once they fulfil the conditions necessary in order to do so and to try to prepare for fulfilling them.
When the Commission confirms, on the basis of its own assessment (the convergence report), and the European Central Bank does the same, that Poland meets all of the conditions laid down in Article 121(1) of the Treaty, Poland’s exception can be removed, in accordance with Article 122(2), and the
can be introduced into the euro.
For the time being, Poland does not entirely fulfil the convergence criteria with regard to the situation of public finances – because the Polish public deficit is higher than 3% – and nor does it fulfil the criterion with regard to the stability of exchange rates insofar as the
does not belong to the exchange rate mechanism. Furthermore, the legislation regulating the Central Bank in Poland does not yet conform to the Treaty’s requirements, according to the analysis included in our latest convergence report of December 2006.
The Commission does not make predictions concerning when the Member States will or may fulfil the required conditions, but it certainly encourages all of them to gear their policies towards achieving macroeconomic stability and to promote productivity growth. These policies promote sustainable economic convergence, which is the best basis for preparing the countries that wish to enter the euro and for enjoying all the benefits of belonging to the single currency once they are in the euro zone."@en1
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"zloty"1
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