Economic Calendar

Sunday, November 16, 2008

Poland May Delay Euro Adoption to Avoid Referendum, PAP Reports

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By Monika Rozlal

Nov. 15 (Bloomberg) -- Poland may delay its planned adoption of the euro by a year to quell opposition calls for a national vote on the currency switch, PAP said, without saying where it got the information.

Prime Minister Donald Tusk pledged to adopt the euro as of 2012 provided the opposition supports the required constitution change before the country joins the Exchange Rate Mechanism II, the news agency said. The opposition Law & Justice party Chairman Jaroslaw Kaczynski said it will support the plan only if the nation has a referendum on adoption of the common European currency, PAP reported.

Slawomir Nowak, chief political adviser to Tusk, told broadcaster TVN24 late yesterday that Poland won't join the ERM- 2 until the constitution is changed.

To contact the reporter on this story: Monika Rozlal in Warsaw at mrozlal@bloomberg.net




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