Poland's Prime Minister has said the country's planned adoption of the Euro will depend on the stabilisation of international finance markets.

The country had been due to join the ERM this half year in preparation for full eurozone membership in 2012. But as the economic downturn is increasingly being felt in the country and the zloty continues to weaken, many believe fiscal measures may be needed to boost Poland's economic position that will take it outside ERM's qualifying parameters.

"The whole issue of euro timing hinges on market stability," the PM Donald Tusk said in an interview with Poland's TVN24 television. "I'm not doctrinaire about our euro target date."

Recently, Tusk has said a decision on whether to join the ERM would be taken in the next few months.

Candidate countries must keep their currencies within the a 15% plus or minus trading range of the euro for two years before they can join the eurozone.

Robin Bowman