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Poland Delays Euro Adoption 20 Years After Joining EU

Moldovans celebrate decision to open membership talks with EU

Poland, a member of the European Union for twenty years, is still hesitant about adopting the euro currency, according to the country's finance minister. Andrzej Domanski, the finance minister in Prime Minister Donald Tusk's government, expressed in an interview on TVN24 that Poland's entry into the eurozone, a currency union of 20 EU nations, is not currently deemed necessary.

Domanski highlighted the benefits of Poland retaining its national currency, the zloty, citing its role in shielding the country from recession during the global financial crisis and other economic shocks. He emphasized that the zloty has played a crucial role in Poland's economic stability.

On May 1, 2004, Poland, along with nine other countries, will commemorate the 20th anniversary of their EU accession. As part of the EU membership agreement, Poland had committed to eventually replacing the zloty with the euro currency. However, Domanski's statements indicate a reluctance to make this transition at the present time.

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