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Poland to entry ERMII in 2012
14 July 2009
Deputy Finance Minister says that Poland should meet the criteria to join ERMII (euro 'waiting room') in 2012.
Poland aimed to enter ERMII in the first half of 2009, but failed because of the deficit exceeded 3% of the GDP (it stood at 3.9% in 2008). The EU launched excessive deficit procedure against Poland until 2012.
The deficit is expected to reach 6.6% in 2009 and 7% in 2010 according to the European Commission forecast.
Consequently, it is likely that Poland will adopt the euro in 2014 at the earliest.





