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National Bank of Poland president eyes Europe cautiously

While much of Europe has struggled over the past few years, the Polish economy has remained resilient, maintaining a sound banking system and hitting its inflation targets. This is why the president of the National Bank of Poland, Marek Belka, is remaining cautious on the topic of eurozone membership, and has no intention of opting into the European banking union.
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National Bank of Poland president eyes Europe cautiously

Q. Poland is celebrating 10 years of EU membership this year. What is your stance on eurozone membership?

A. When considering eurozone membership [for Poland], it has to be pointed out that its potential success depends on various factors: exogenous factors that we cannot control, such as the rebuilding of the euro area architecture, and endogenous factors that we can shape and which comprise of Poland’s institutional environment and policies enhancing structural competitiveness.

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