EU member state: optional use of euro| MENAFN.COM

Thursday, 01 December 2022 07:19 GMT

EU member state: optional use of euro


(MENAFN) Polish Foreign Minister Zbigniew Rau claimed in an interview with the daily Rzeczpospolita on Monday that the European Union needs a change that would enable member states to forego the euro and switch to their own currencies.

The foreign minister declared that “the equality of member states requires the restoration of equal opportunities for their development, which, in turn, should lead to the reform of the Eurozone. The radicalism of this reform cannot a priori exclude any solutions, such as ... a temporary or permanent return of some of the Eurozone member countries to national currencies.”

Jaroslaw Kaczynski, the leader of Poland's current Law and Justice Party, has repeatedly claimed that adopting the euro would cause the nation’s citizens to become drastically poorer.

Although Poland joined the European Union in 2004, it does not utilize the euro as its official currency. Although all new European Union associates are required by the Treaty of Accession to join the Eurozone, nations do have the option to delay the adoption of the single currency, as Poland has done. The euro is anticipated to eventually take the place of its current currency, the zloty.

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