Kaczyński: Poland can accept the euro, but in 60 years

Kaczyński during a Saturday gathering with the chosen in Sompolno in the Wielkopolska EU currency we can accept in 60 years, and its real value by half. "It is simply not worth accepting the euro at the moment," says PiS leader Jarosław Kaczyński, despite his political affiliation.

On Saturday, in Sompolno, Greater Poland, the president of PiS Jarosław Kaczyński met with voters and sympathizers of the party. During his speech he raised various topics, including the anticipation of introducing the euro in Poland.

“We have this in the treaties that we are to do this, but we have no deadline. We can, for example, in 60 years," Kaczyński said.

In addition, Kaczyński stressed in his speech that the EU currency primarily serves the German economy and, possibly, only partially, specified wealthy countries as the Netherlands and Austria.

"We are simply not worth accepting the euro at the moment," says the leader of the Law and Justice Party. In his opinion, it is simply a currency that hinders development. He argued that ‘if you think you are a strong currency, you lose it due to the fact that exports are besides expensive’.

"We have beautiful exports, besides of agricultural products, but if we had a euro, it would be profitable only if Poland's earnings were lower... prices would automatically go towards German and it would be unstoppable," the politician said.

Jarosław Kaczyński expressed his opinion that the real value of the euro is only half of the conversion rate, i.e. about PLN 2.5, not PLN 5. He believes that specified a difference would be harmful to Poland and Poles.

In the context of the propaganda run for the liquidation of the Polish currency and the introduction of the euro, Kaczyński emphasized that Polish residents, especially Wielkopolska, expressed their desire to stay in the European Union and had their hopes attached to it. He pointed out that people come to specified meetings "not against the EU, but to change the Union to service people and not to be against them". He stressed that the Union should service all nations and sovereign states and be a fresh mechanics for cooperation between European countries, which eliminates wars and eliminates tensions between powers. Although he believes this goal has not been achieved after years, past continues to develop.

Kaczyński besides emphasized that many people hope to change the current course of events. In his opinion, the European Union should "return to a certain apparent rule (...) that the law must be respected", including EU treaties. He stressed that "there is simply a secondary law" resulting from the Treaties, but is taken from the European Commission or the European Parliament.

“Today we have a situation where all of this has been replaced by the worst possible rule and within each country and between countries – ‘who is stronger, better’, he said. Emphasizing that we cannot accept this.

According to Kaczyński, this rule is peculiarly expressed in the area of economy and energy, for example in changes to the Emissions Trading strategy (ETS), climate policy and the Green Deal initiative of the European Union.

Finance Minister Andrzej Domański stated at the end of April of this year that there is no "currently" justification for joining the euro area. “Polish gold played an crucial function in suppressing alleged external economical shocks,” he stressed.

It is worth recalling that little than 5 years ago, in the spring of 2019, 2/3 of Poles were against the introduction of the euro, mainly due to concerns about price increases and falling earnings. It is worth noting that the price increase after adopting the euro and giving up its own currency was clearly noticeable and felt in Lithuania.

In early 2018, in an open letter to Prime Minister Morawiecki, well-known economists supporting European integration claimed that Poland must either accept the euro or find itself “in the sphere of influence of Russia”. At the time, Michał Dworczyk, the then head of the Chancellery of the Prime Minister, acknowledged that Poland had undertaken to adopt the euro after joining the EU, but this should happen at a more appropriate time. Mateusz Morawiecki himself previously declared that he does not argue Poland's accession to the euro area.

Shortly before this letter of economists supporting the EU, according to a poll by Kantar Public, almost half of Poles (47%) believed that adopting the euro would be bad for Poland, while only 14% thought it would be good. In the autumn of 2014, according to a survey by GfK Polonia, 76% of Poles opposed the adoption of the euro.

Large and medium-sized business in Poland powerfully supports the introduction of the euro. According to a poll conducted by Millward Brown in August 2018, 74% of large and medium-sized companies would like to quit national currency. Thus, the level of support in this group began to return to a very advanced level before years (85% in 2010), which gradually declined by 2015 (42%).

Worth addingthat Brussels plans to introduce a digital euro. Last summertime we informed about the European Commission's plans, which presume that the digital euro will appear in about 3 years, around 2026. Critics say that Brussels is aiming to maximise the simplification of cash transactions in the EU and, in the long term, to completely destruct cash from circulation.