Open AccessPotential benefits and risks from Poland’s accession to the euro area
Author(s) -
Iwona Dudzik,
I Brukwicka
Publication year - 2022
Publication title -
vuzf review
Language(s) - English
Resource type - Journals
ISSN - 2534-9228
DOI - 10.38188/2534-9228.22.1.17
Subject(s) - accession , optimum currency area , currency , politics , european union , ideology , economic policy , business , political science , international economics , economics , international trade , monetary economics , law
This paper reviews the selected issues related to the potential benefits and risks of Poland’s accession to the euro area. Poland has joined the European Union in 2004. Being a member of the Economic and Monetary Union, Poland was obliged to adopt the euro as its currency, but the date of the above currency introduction was not specified. Poland’s joining the euro area is often discussed in political and economic debates. Such debates benefit primarily from politics and ideology, and the economic issues, associating possible benefits and risks resulting from Poland’s accession to the euro area. The opponents of the common currency deal with issues related to the financial crisis in the territory of the euro zone counties. According to the study conducted in 2010 by the Public Opinion Research Center, it was observed that the number of Poles supporting Poland’s accession to the euro area was decreasing. The survey conducted by CBOS in 2017 showed that the number of respondents who were against Poland’s accession to the euro area was 72%. The purpose of this paper is to analyze the basic benefits and costs that result from the adoption of the common currency by Poland.