On Wednesday, the European Central Bank is expected to agree to Bulgaria's accession to the euro area as the 21st country.
Despite interior political divisions, Bulgaria has long been committed to joining the single currency. In 1999, she linked her currency to the euro, has participated in the banking union since 2020 and has ensured that all the strict economical criteria that are essential for membership are met.
But while Bulgaria is trying hard to join the club, one of the candidates that everyone would like to see in their ranks — Poland — does not seem curious in joining. After a right-wing triumph Karol Nawrocki in the Sunday presidential election, the possible of a fast accession of Warsaw may be distant.
Monday morning The National Election Commission has provided data from 100 percent of the voting circuits. In accordance with the decision of the electors, the PiS candidate Karol Nawrocki was elected, who received 50.89 percent support. His competitor, Rafał Trzaskowski, supported 49.11 percent of voters.
Rafał Trzaskowski won the preliminary exit poll results. However, the next 2 summertime polls indicated Karol Nawrocki's win.
Polish boom
Poland has been reporting for 3 decades steady economical growth. Her stock marketplace is booming. According to global Monetary Fund forecasts increase in gross home product will scope 3.2% this year, above 0.8% in the euro area. However, despite this, the stated intentions to join the euro area are not moving forward.
Although EU countries have a work to prosecute a single currencyPoland does not hide that it does not intend to. Even after the pro-European returned to power in 2023 Donald Tusk, which ended 8 years of Eurosceptic rule, the government continued to claim that it was not ready to join the euro area.
Z Navrock as president, this possible is even more distant. The candidate opposes Poland's accession to the euro. "I am opposed to the liquidation of the Polish currency. A voice for me is besides a voice for Polish gold and our sovereignty," he declared on X.
The destiny of Poland is at stake
Adam GlapińskiThe president of the National Bank of Poland has long opposed the adoption of the euro. Nawrocki — as president — will have the right to appoint a Glapinski successor after his word of office in June 2027, which means that he may strengthen Euroscepticism In the bank for another six years.
Nawrocki will besides have the right to veto against legislation. He will most likely usage them to thwart the liberal, pro-European government of Prime Minister Tusk, who does not have a majority of 3 fifths of the vote in the Polish parliament, essential to reject the veto. Tusk has already announced a vote on vote of confidence For his government to fear that Nawrocki would usage the presidency to block the national government program.
Let us add to this a restrained reaction of Polish citizens to the euro - just over half advocates adopting this currency, but 70 percent think the country is not ready to join the euro area.
If the euro area expects Poland to join the club, it can wait.
