Poland has no current plans to set a new date to replace its free-floating zloty currency with the euro, Prime Minister Donald Tusk said today, after Warsaw shelved its 2012 target.
'The global crisis has in recent months compromised our plans to adopt the euro rapidly. Today, I don't want to give a date,' Tusk said after a cabinet meeting.
'Even though Poland's economic situation is far better than that of other European countries, we can't allow easy - and risky - optimism,' he added.
At the end of July, Poland's finance ministry had said that a 2012 euro adoption was off the agenda, citing the tough economic environment. Tusk's liberal government, which came to power in 2007, had set the 2012 goal last year saying the switch was one of its priorities.
Poland has vowed to adopt the euro as part of its 2004 European Union accession deal.
The country has so far bucked the global recession, enjoying 0.4% economic growth in the first quarter of this year compared with the final three months of 2008.
Second-quarter data, due to be released later this week, is also likely to show growth, Polish authorities have said.
