Poland’s finance minister said the country’s economic boom that has seen Warsaw perform better than most Eurozone economies means there is no good reason for it to abandon its own currency and adopt the euro.
In an interview published by the Financial Times (FT) Andrzej Domański, finance minister in the centre-left government led by Prime Minister Donald Tusk, intimated that Poland’s high rate of economic growth was well served by it keeping its own currency, the zloty (PLN).
“Our economy is now doing clearly better than most of those that have the euro,” he said.
The zloty has of late been strengthening against both Euro and the US dollar and according to Organisation for Economic Co-operation and Development (OECD) forecasts for the present year the Polish economy is projected to grow by 3.4 per cent, the fastest in the European Union.
Poland’s GDP surpassed £1 trillion (€849 billion) in 2025, making it the world’s 20th-largest economy. That resulted in the country being invited by US President Donald Trump to attend the next G20 summit in Miami as an observer.
Domański acknowledged that all opinion polls conducted in recent years favoured his country retaining its currency but said he did not feel that was a clinching argument.
“Public opinion favours the zloty, but the main reasons we’re not working on euro adoption right now are economic and not about Polish politics,” he said.
The finance minister noted there were economists who wanted Poland to join the euro and hinted that he was not so long ago one of them.
“Two years ago I was a bit worried that Poland could be left behind in a two-tier EU and outside the Eurozone, but today Poland is clearly in the top economic tier, and I see no strong reason to abandon our own currency,” Domański said.
His remarks underline how Tusk’s party, of which he is a member, has moved away from pushing Poland for membership of the Euro zone. During its previous spell in government, Tusk had announced the would prepare for fast-track entry into the Eurozone but he stalled those preparations in the aftermath of the financial crisis of 2008.
The previous Conservative (PiS) government opposed Poland adopting the euro. The PiS-allied governor of the country’s central bank (NBP) Adam Glapiński has gone on record as saying he will not provide any assistance with Poland introducing the euro as he believes that would damage the country’s sovereignty.
According to Poland’s accession treaty, the country is committed to eventually joining the Eurozone once it meets fiscal and monetary conditions although there is no deadline for that decision to be taken.
Moreover, according to the Polish Constitution, its currency is the zloty and a two-thirds parliamentary majority would be required to make a constitutional change to allow Eurozone membership.
No Polish government since the adoption of that Constitution in 1997 has enjoyed that majority in Parliament.
