6/23/2006

Poland least prepared for euro among EU newcomers

The European Commission has evaluated Poland as least prepared for the introduction of the euro among new EU member countries. A report published in Brussels states that Poland has not set yet the date for entering the euro zone and experts are not even aware who will be supervising the process of transition to the common currency. Poland has not defined the period of accepted parallel use of the euro and Polish zloty, nor presented a graphic project of the reverse side of the Polish version of the European coins. Slovenia stands the biggest chance of being the first EU newcomer to introduce the euro. It plans the currency transition already in January next year.

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