Rimantas Sadzius, Lithuania's finance minister, has a message for his Polish counterparts who are worried about joining the euro: “You have no reason to stay away. You must join.”
Although the economic crisis has largely ended, European banks have not yet regained their balance, and their biggest problem is a lack of profitability. Although their capital strength has ceased to be an issue, lending will...
Announced by the European Central Bank, scheduled for September, targeted long term refinancing operations (TLTRO) will become one of important transmission mechanisms of monetary policy. The ECB hopes that they will restore the...
The European Central Bank counteracts country-specific risk premia in eurozone, that hinders proper allocation of capital and incurs the risk of building up a new credit bubble. Meanwhile the eurozone is already waiting to cover...
The European Union’s new member states from Central and Eastern Europe are required to join the eurozone as part of their accession agreements. But deciding when to adopt the euro is a matter of heated debate. It is not just an...
During the depths of the eurozone crisis just a few months ago, anyone suggesting that Poland ought to seriously start considering joining the euro would have been a candidate for a mental health check-up. But that is exactly...
The easing of the crisis suffered by the euro area for a few years reactivated the topic of our presence there. The awareness that without the euro adoption Poland would remain an insignificant EU player is increasing. The first...
An interview with prof. Rudolf Sivák, rector of University of Economics in Bratislava about Slovakian experiences with euro.
One of the reasons that Poland's economy has managed to survive successive waves of the global economic crisis is that it has a shock absorber in the form of its own currency − which is why support for joining the common...
We are reducing the deficit because financial markets are very sensitive to its level, but we are not joining the euro area. Accordingly, we are losing the “umbrella” of the ECB, a chance for the economy to operate in the...