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Plans to join the eurozone began back in 2003 before the accession to the EU, when the contemporary premier Leszek Miller stated that Poland would join the eurozone between 2007 and 2009. [7] One of the leaders of Civic Platform party (PO), Jan Rokita, was certain that the best way to converge to euro was through a unilateral euroization. [8]
According to information provided by the Ministry of Finance (on 8 February 2006), Poland had to be ready to join the eurozone by 2009, however, this was postponed to at least 2018. The Minister of Finance announced a regulation that, as of 15 April 2004, a consumer or a recipient of services is able to pay for their goods or services using euros .
The seven non-eurozone members of the EU are Bulgaria, the Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, although all but Denmark are obliged to join once they meet the euro convergence criteria. [9]
The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...
5 not in ERM II, but obliged to join the eurozone on meeting the convergence criteria (Czech Republic, Hungary, Poland, Romania, and Sweden) Non–EU member states 4 using the euro with a monetary agreement ( Andorra , Monaco , San Marino , and Vatican City )
Take steps towards a consolidated external representation of the eurozone: The EU and the eurozone are still not represented as one voice in the international financial institutions (i.e. in IMF), which mean Europeans speak with a fragmented voice, leading to the EU punching below its political and economic weight. Although the building of ...
Non-eurozone member state Currency Central rate per €1 [20] EU join date ERM II join date [20] Government policy on euro adoption Convergence criteria compliance [21] (as of June 2024) Notes Bulgaria: Lev (BGN) 1.95583 [nb 1] 2007-01-01 2020-07-10 Euro adoption on 1 July 2025 [22] Compliant with 4 out of 5 criteria (all except inflation) [23]
Poland's location in the European Union. A Polish withdrawal from the European Union, or Polexit (a portmanteau of "Poland" and "exit"), is the name given to a hypothetical Polish withdrawal from the European Union. The term was coined after Brexit, the process of Britain's withdrawal from the EU which took place between 2016 and 2020.