Of all the former socialist countries, Poland is the one most often held up as a success story, both economically and politically. According to the World Bank, Poland hasn’t experienced negative economic growth since 1992, with an average annual growth rate of 5.1% over the 1990s and 3.8% between 2000 and 2010. In those twenty years, Poland’s GDP has almost quadrupled. And in 2009 it was the only EU member state that did not post a negative growth rate as a result of the financial crisis.
By comparison, average economic growth rates in Hungary and Czech Republic during the 1990s were much lower, 1.7% and 2.1% respectively. Why has Poland done so well in comparison to many other former socialist economies? What’s Poland’s secret?
To get a response, we spoke to Professor Grzegorz W. Kolodko, former Deputy Prime Minister and Minister of Finance during Poland’s transition to a liberal democracy with a market economy. What would he say?
Poland is a relative success story, but I’m emphasising ‘relative’. Without the periods of ‘shock-without-therapy’ at the beginning of the early 1990s and the mistakes of the late 1990s, we would be doing much better. But, together with countries like the Czech Republic, Slovenia, and to some extend Slovakia and Estonia, we are leading this post-socialist transition.
I would say we are doing this for two reasons. First of all, due to the reforms of the late socialist system, we were prepared better for the jump into a full-fledged market economy and democracy than anyone else in the region. Secondly, there were periods of time – also under my stewardship as Deputy Prime Minister – when we did pay proper attention to structural reforms and institution building.
Transition is not just about privatization and liberalization (which is of utmost importance), but first and foremost about building institutions which are compatible with the flows of private entrepreneurship and business, while at the same time ensuring social cohesion. And this combination of the power of the invisible hand of the market and the power of rational, reasonable and accountable government is behind our relative success. When we were working towards a social market economy following the line of my new pragmatism, we were more and more successful. But during the early and late 1990s we were not that successful at all. So, the story of 25 years of Polish post-socialist history varies considerably from period to period.
Without doubt, Poland’s transition from a socialist into a market economy is one of the most successful such transformations in history. Many proscribe this success to economic “shock therapy”. Proponents argue that shock therapy can rapidly kick-start a country’s economy when it transforms from a socialist into a capitalist one. State-owned companies are privatized, trade is liberalized and subsidies are withdrawn within a short period of time. Critics, however, argue that shock therapy can also be disastrous for an already-fragile economy, resulting in unnecessary suffering.
To get another perspective, we put the same question to Jacek Saryusz-Wolski, a Polish MEP who sits with the European People’s Party in the European Parliament. Does he share Kolodko’s views?
On the economic side, Poland does not have a high GDP-per-capita compared to others. This is the result of the heritage of the past. At the same time, among the Central and Eastern European countries that joined the European Union, Poland has the highest rate of economic growth and has done the quickest catching up. So, whilst our relative GDP is not satisfactory, our speed of catching up is.
Poland’s success in this regard is due to economic factors that were present during the transformation period in the early nineties. Poland went through so-called ‘shock therapy’. We made fundamental structural changes to the economy, sometimes even drastic changes, which were very costly and painful and for which Poland paid a high price. But those reforms are paying off now. So, the fundamentals of Poland’s economy are relatively healthy and this is why we have good economic growth and are catching-up so quickly.
In terms of our good foreign standing, this is the result of the state of our economy and the Polish state as such. I think Poland is a well-established Parliamentary democracy with clear rules of the game and a healthy economy, and that dictates predictability and respect from our international partners.
So, what next for the Polish economy? The country is likely to become the third former socialist country to adopt the Euro in the next five years (after Slovenia and Slovakia), once it meets all the criteria. However, we had a comment sent in from Rino arguing that – considering all the difficulties facing the Euro – Poland should stay in the EU but not enter the Eurozone. According to opinion polls, this is a view that many Poles would agree with.
How would Grzegorz Kołodko respond?
When I was Deputy Prime Minister, the Polish people decided in a referendum that we would join the Euro when we meet the criteria. However, today there is public scepticism towards joining the Euro – if a referendum were held this Sunday then the majority would want to keep the Złoty.
But the most important question is not ‘to join or not to join’, but to join with what exchange rate. We should join, but only with an exchange rate that can secure competitiveness of Polish export-oriented businesses. Because, for an open medium-size economy as Poland is, we have to execute export-led growth. Therefore the Euro’s exchange rate at the time is of significant importance.
We asked Saryusz-Wolski the same question. Does he think Poland should stay out of the Eurozone?
There is a crisis in some of the Member States which joined the Eurozone because of over-indebtedness. If Poland reaches and fulfils all the necessary criteria – including inflation, deficit, public debt and interest rates – Poland should enter the Eurozone. If you have a healthy economy, you profit from being in the Eurozone. If you are not a healthy economy, you risk problems like those in Greece, although this is not the only example. So, I am in favour of Poland joining as quickly as possible, as soon as it fulfils the necessary economic criteria.
Can Poland’s economic success be attributed to “shock therapy” in the 1990s? Or were there other factors in place that ensured the country’s transition to a stable market economy? Why were some other Central and Eastern European countries relatively less successful? And should Poland join the Eurozone? Let us know your thoughts and comments and we will put them to policy makers for their reaction!
384 comments Post a commentcomment
Why Not Yes
nope, we are not
what for? the GDP annual growth rate in Poland is 3%+ while it is less than 1% in the Eurozone. Stay with your own currency Poland!
Unfortunatly, like all other countries who have joined the Eurozône, we are depending on politicians who can see only the EU taxpayers moneybag but close their eyes for the daily reality.
But I totaly agree with Your statement.
Polish people think twice before You want the €!!
Why would they have to be ready? It seems to me that changing their currency would bring disadvantages to them
Never
Lol
They are but do they really want to?
I don’t think they want to join! All eurozone wasn’t thought over properly, look at examples of how Slovakia- where the wages are half of the Greece waged- still has to pay for Greek debts because of common policy of eurozone.
And I, as a Slovak citizen, still think that joining Eurozone was a good thing. So much less boureaucracy while travelling to the other € countries. Businesses have to pay less fees for money transactions and payments from our partners within Eurozone. Also International companies see € in Slovakia as one of the aspects and advantages of setting up a manufacture in this region.
They are, but want they? I hope Yes!!
NIe niestety nie musa…lepiej z zlotych
If they are ready to welcome IMF and a memorandum in a couple of years they are welcome to do it . If they are wise enough they wouldn’t dare entering this unequal German-favoured zone.
Ahahhahahahahahahahaha ha hahaha you really think they are as idiot as the rest of Europe?
Is the eurozone ready for any positive steps? Euro until now is a huge disappointment….
In reality Poland IS in the eurozone, the local currency is moving under the SME regulation.
The advantages if they enter, are far less than the disadvantages they will occur.
nein poland europ?
“The country is likely to become the third former socialist country to adopt the Euro in the next five years (after Slovenia and Slovakia), once it meets all the criteria.”
Thus the answer. And the criteria need to be in social and government institutions as well, not just in the financials. The EU must ensure that countries joining have strong and democratic institutions that can uphold social and ethical values within the EU community. Financials is not enough!
Give me ONE example of a EU member state who is or has been a strong and democatic institution……Each and every country had to “adjust” the numbers…
The number of EU countries which have faced financial and scocial trouble after joining the Euro are far more as the countries without trouble.
The author is factually incorrect, as Estonia, Lithuania and Latvia have all entered the euro after Slovakia and Slovenia.
The eurozone will fall apart sooner or later. The grexit is innevitable ( alternatice: bring slavery back to Greece). Germany is destroying every country joining the eurozone. Poland will be no exception. What kind of industry has Poland to compete with german products? You want to see your people as working slaves for german companies? Join euro and become the prostitutes of German bosses ( in a metaphorical sense, since the streets of Germany are full with the real ones, despite the so called …economic growth you are so proud of ;-)
Totally agree with you now prophetic opinions here Matthaios. The Euro has a fundamental problem in that lower income countries are unable to benefit from a lower currency. In fact Germany benefits by operating a Euro that is undervalued due to the poorer states. German manufacturing thrives thanks to the poor Greeks etc.
Run from the burning Euro, and run fast.
Last year in June we spent a week in Poland and if we spoke to 100 persons then 9 out of 10 said they don’t want to join the Eurozone…….
Ahahah euro is a zombie
Question is if we want. Public opinion is divided on this issue.
Please polish people, you are very hard working people, don’t don’t don’t join the eurozone ,
You will become slaves with your own money .
The Eurozone crisis has demonstrated that the most strategic policy is NOT join. Poland should follow in UK’s footsteps
Yes! Absolutely! High time….
But who started this crisis …
Maybe they would prefer to join the US-dollar zone…
Yesss why not??
Yes….Poland is the country of the future!!!!
But neither the EU zône or the € are in the current shape subject to survive.
.
Only a madman would join the job destroying Euro.
Only a madman would even consider joining the €
Yes of course
Yes of course for long time without any doubts.
Yes i wish euros in my country!
Oh, so You don`t want anymore economical grow in Poland?
And be part of the countries who are saving the Southern European banks for the rest of Your remaining life?
Think twice before You wish for the Euro!!!!
I agree with you Giossas Kostas! But all countries leaders are to be blamed, who didn’t think over before they joined euro money! They should have known that Germany and the biggest economies will control their national bank! The solution of Greece would be to stay in E.U. but go out from eurozone- my opinion…
yes
No, please.
More than many others….
Hahaha, it’s joke, good joke
You will lose your sovereignty ….and be controlled by different organisations. .pity for a country that got out of a dictatorship …and fall into another….Just stay in the e.u……..
You will lose your sovereignty ….and be controlled by different organisations. .pity for a country that got out of a dictatorship …and fall into another….Just stay in the e.u……..
I hope we will never have the eu currency here.
I hope we will never have the eu currency here.
They should ask for a fair referendum.
Yes they are
I live in Poland. We prefer the advantage of that being out side provides. Poland like the Baltic’s, comes from the league of solid budgetary countries. Until the EU thins the heard of the loss monetary countries, it should wait outside.
Hell no
Poland do not need you funny euro and will never agree with that fake money
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Poland – as every non-euro zone member state – is definitely welcome to join the common currency. We should all together face the common problems and share the common profits! Greece wants POLSKA!!!
Which common profits? In the EU there are only problems!!! Economical and social! Far more then ever during the EC!!
yes :) we are
My thoughts about joining Eurozone are positive. Both of us, Eurozone and Poland, could improve the actual economics conditions. The healty polish economics growth could lead better the Eurozone economics soft-recovery. At the same time Eurozone shouldn’t try to profite alone of this deal and we (eurozone members) should allow them to keep their growth without unsustainable fiscal pressures how we also made with other countries. I’m sure that Poland will choose the right interest rate to make profitable this deal already in the short period for Eurozone and also in the long period for Poland that could suffer a little “shock” as sono as they’ll join Euro. Poland, JOIN US
We don’t want euro in Poland. And it’s not because we would loose our “Polish identity” in Europe. It’s because if there’s something wrong happening for instance in Spain it’ll affect us. So called “domino effect”.
That is an isolationist stance. The law of “unity” is a universal law that is most positive. There are many examples of this. Look at the U. S.
Poland is ready to go out of european union and usrael
3*yes
Maybe Poland is ready to join, but the monetary crisis should have shown that we have to fix some serious problems before.
yes of course they are.. but now? that so many countries are thinking in leave the Eurozone!
No
Eurozone? Well, region in crisis ? Also, German domineer region? Why does Poland want to be slave of Germany? If he want, then, in advance I hope get better he soon…
I don’t mind if I use zloty or euro, but the transfer exchange rate will be o great importance to me.
No Way!!! Lol
pls no we lithuanians wanna shop there for cents
no comments ha ha ha f…. the euro we don’t wonet
if Poland can? definitely yes! If Poland wants? Polish would be crazy to do it!
Is the eurozone ready to join Poland?
Yes!
In my opinion it’s really bad idea to join the Eurozone. Maybe we’re ready, but I’ve got hope we aren’t crazy enough to say YES.
We might be ready but fortunately public opinion in Poland is not optimistic about this idea. We experienced much more benefits of being outside Eurozone so far.
Polish economy is definitely not ready YET to join eurozone. Wages in Poland might be growing a lot for couple years but it’s still not enough to handle change from PLN to euro. I think it would be good for higher class cause it could expand their buissnesses and make it easier to make something out of nothing in Europe as a whole but for a regular citizens and small buissnesses it would be like a suicide. Everything is going in the right direction but we can’t handle it at this moment. In 5 years? Maybe. And I really hope that we will be ready for it and I hope we will meet the criteria because it will show that our economy is getting better.
PL come to join us to the hell!! ;)
I do not think so !!!!!!! Poland people’s still not ready.
They might not be so keen now,
and who would want to blame them, with all the troubles in the Eurozone and all the patronising interference by ‘the institutions’….
In 2018
Perhaps it was before the crisis but now it would be irresponsible. First we need to find an agreement and consolidate the fiscal and banking union, as well as explaining to citizens and States themselves what went wrong with the single currency. Once this is fixed we can start talking about more countries joining the Eurozone. The other way round would imply not having learned anything from the crisis and the current state of the EU.
Greece # 2
No is ready !!
Why not ? They work hard for it.
http://www.apgrad.com/
POLAND ISNT RDY! Our salary will decrese to one or two bank notes. At the moment most of us geting around 1300 polish zloty which is ~300 euro that will show thats we are far away from EU standarts and kill us mentaly. Moreover our gov will start stealing in euros which means they will steal 4x more per crime. First plz euro gov check our pro soviet politics, fix it then think about eurozone… soon we will be 2nd ukraine!
Poland should stand on it’s own feet.Not sit on the fence.Trying to get the best of both world’s like the U.K did!
Big country with a lot of potencial to be very modern and well developed… if they didnt made the same strutural mistakes like southern european countries….
Big country with a lot of potencial to be very modern and well developed… if they didnt made the same strutural mistakes like southern european countries….
I think they already are
Yes they are
Under these circumstances, they should think it… twice!
By the way, no one could explain it better… excellent job from ZDF (German chanell)… https://www.facebook.com/video.php?v=386019108249697&fref=nf
Give them all the informations (the truth) … And you will NEVER see them in zone !!!
They had all their external debts erased? Former pope was from Poland?
Because they sell them dirty ass to germans and others
They had great leaders at the beginning of the 90’s , while the other countries had the same people that were previously in the communist party. They just changed the name of the party and went on with stealing and killing the economy. I am mostly talking about Romania. But I assume the same thing happened in the other countries as well.
Lustration!
Monika Swaczyna
Because they had already an established heavy industry, mainly set up by the Germans, that because of the proximity and cheaper labour force that Poland had before it’s entrance to the EU, was profitable for German and local industries. That of course is only one of the reasons of course.. Being a very proAmerican and proEuropean country also helps. As well as being a big country with large resources.. Good on them!!
Poland also maintained the change flexible instead joining the euro, in order to keep protect their industry from external shock
They have their own currency! More “pro-west”, stability, low wages… more solid institutions= more prosperity
What about Estonia?
Estonia has done very well too and Estonia has euro as currency
Because Germany and Germany’s Corp. have invested huge investements in Poland.
Because they have work ethic and community values
I don,t think so,Poland has done so well:/
So well, seriously?
I don’t think that Poland is doing well
Really ?
They probably got a lot of money from the US for hosting secret torture prisons in the framework of the US so-called war on terror and its rendition programmes.
Because Poland was never a socialist country ….and will never be!
Emila Emi ^^
Are you taking a political side by implying socialist don’t do well?
Good economic budget administration
1) Political and legislative stability; 2) 40 million market; 3) Very strong ties with Germany
Euro is nice courence
because it is one of the very few former communist countries that completely abandoned communism in 1989, in most of the former communist countries, the transition from communism to capitalism was much slower and more painfull
Yes I agree Poland join the Eurozone
Estonia and Slovenia are the most successful post-transition countries in Europe.
I would argue that Poland should prepare for joining the euro, but wait for a few years, until the problems within the zone – France, Greece, Spain etc are sorted out.
There are problems on restructuring the eurozone that Poland should have some influence. But tomorrow – NO.
You believe the Greek banking problems are sorted with a couple of years?
The Northern taxpayer will have to pay for the Greek banks FOREVER.
We`re not talking about a few bucs, we`re talking about billions and billions.
Any other business with the Greek situation will be declared bankrupt immediatly.
The Greek situation is hopeless. People know it, but politicians don`t think like normal people
Germany
Poland is not ready. just not jet. we will wait 5 or 10 years, and see if EURO can deal with its problems. coz if we have to join and then pay for other countries problems, that’s none of our business.
Which European country has capitalism? None. There were some neo-liberal influences, but there is no capitalism in Europe, unfortunately.
Really? With millions of Poles abroad (=unable to properly feed their families by living and working at home, in Poland) you think that Poland is a “success” story?!
A dept which should be reimbursed to west.
Iwona Sid?o
To understand that,lets compare 2 economies from the 70’s,POLAND and Romania.since then,they borrowed much monex from the banks,until the point they could not take more.in the 80’s,under hard politics,they managed to pay back these money.but through hard measures,the fall of the 2 resimes was inevitable.after 90’s their ways were seperated.Romania fell in the hands of the credit-money system,while Poland(except the early 90’s)made an economy based on production and less in money system.
So well … for who? This is really funny. Let’s check first what’s the reality of living here and then compare it to other countries. :-)
Poland has rising poverty and rising inequality. The poor are getting poorer and the rich richer. That’s a “success story”???
Easy answer, easy question. Bigger core country’s backed and took possible economical risk’s. This would have never happened without them.
Poland has rising poverty and rising inequality. The poor are getting poorer and the rich richer. That’s a “success story”??? The same in all EU-countries. The faster, more corrupt, better Lobbyists win today. Easy.
The facts belie your foregoing statement.
Done so well??? watch the unemployment rate!!!
The Eurozone is a disaster of epic proportions,even without the Greek drama.
If Poland is stupid enough to not learn the lessons that every sane people learned during this never ending crisis,it can join the euro and become a financial slave of the Germans.
If Poland is at least of average intelligence,it should go as far away from the Euro as possible.
Poland should leave EU!!!
Jakie to by?o na wczoraj bo level delete
No let them stay…They Should not enter the Eurozone. That is suicide to say the least…in Greece we ‘ve regretted the Euro so much … the Brits are the smart guys. And the Pound will survive as the Euro drops and falls to the Seabed.
Well will you ask the same question for Sweden, also obliged by the Treaties to join the euro, but avoiding doing so by taking advantage various loopholes?? No… If Sweden can do it, so can Poland!!
No to ? jurwa mwie i telepatie te? wysylam mam didi level complet level trzeba wypierdoli? do orbity idealnie
Tylko nie zapomnij
Moge jeszcz? pali? puki mam krew zjeban?
Idealnie
whatever you do, dont join the Eurozone!!
The whole EU should do the same. Yes to the EU, not to the Euro ;)
Poland is still suffering from structural distortions inherited from the early ’90s, much like the whole of Eastern Europe. In comparison to other Eastern European countries, Poland is doing great both economically and politically. I would say that if it’s not ready to join the Eurozone then it will be ready soon and it might actually be good for them. The situation might be similar to that of Slovenia, Slovakia and the Czech Republic. Those countries are not particularly rich in comparison with Western Europe but they are the most advanced countries in Central and Eastern Europe and in my opinion Poland is as well.
Join the Euro but in time. Yes to the Euro!
Fiscal policies in the EU (and DU istitutions themselves) should be redesigned. The Euro is a good idea. Unfortunately as for now it is a political decision not an economic feasible option
Do you really feel better asking questions ignorant …more or less audience ? Do these questions repair the lack of democracy? When the same question comes to the Fire Land or China, please regard my answer affirmative. No one should miss that gathering.
Greece is moving towards the idea of operating two parallel currencies: the Euro for tourists and international c?r?i?m?i?n?a?l? ?g?a?n?g?s? businessmen and a new “drachma” for Greeks. Why not do the same in Poland? Makes perfect sense to me.
Polen should go into the Eurozone
Poland should stay in the EU as much as everyone else will stay until Greece or the UK open the exit doors and this failed project enters its last phase, the end. Just hope the process it’s peaceful and intelligently achieved.
Maintaining the status quo, or possibly adopting a policy stance similar to that of the UK seems to be in the best interests of poland’s national interest. LSE empirical studies more or less corroborate this.
Sylvain Kata
Should France stay in the EU or withdraw from it completely? I think Poland should stay in the EU as long as it doesn’t enter the Euro.
As polish person i want poland to join the eurozone in next few years. ONE STRONG EUROPE.
I would only support us joining a Monterey union with like northern economies. No Greece, Italy, France Cyprus. Spain
Would why we even raise this debate? Poland is a European country and belongs to the the European families. This applies to joining the Eurozone as well :)
Everybody who loves his own country should leave eu….europe is beutiful because of the differences…german eu is a nightmare
Should be out….
Poland should definitely come to their senses and leave NATO.
YES
.
The Euro is becoming a temporary currency so there is no point in joining it & with trade agreements being signed between countries around the world why stay in the decaying EU ?
Eurozone = Deadzone
It is funny to have Taler, Mark, Gulden, Zloti, Franken, Franc, Lire etc etc etc etc – but it is crazy NOT to have the Euro in the world’s stromgest economy? That is what the EU still is!
Entering the Eurozone is a tricky thing. From outside speaking, I think they are well developed and have a long and good experience in EU. But I do not have information or expertize in financial metters, so I cannot tell.
Natlia if it costs less than euro in our currency then hell yeah
It is upon Polish People to decide but if I have an option I should say : ” GO AWAY ASAP, IF YOU DO NOT WANT A SLAVERY, WHOLE OF YOUR OWN “!
Yes yes yes dla euro w Polsce
Yes it is possibile
sure it must… why?
It is good to have Poland in Eurozone .
uma pergunta sem sentido.
Eurasia is the future… Sorry.. ? is dead..
Heh most foreigner agree. Well, most Polish people fortunately do not.
Poland would not join the euro, because it is much safer to be in the E.U. without the euro money! Euro is good only for the strong economies.like Germany or France, the smaller or wicker economies get worse of it!
No, no I’m saying that your economy and the Polish citizens would not benefit from it! Look at Slovakia or Slovenia, they both complain about it, especially the ordinary people!
After all the auterity and joblessnes that caused us the euro, I woulnd’t advise anyone to enter the Eurozone. Man you are free , we are slaves of the Euro.
Buying power of 507million european people give influence.
Eurofriendzone?
Strong Europe?! That’s a big mistake! I’ am Portuguese!
‘
What does the accession agreement say ? No eurozone no EU membership …….. If rules and treaties apply to countries selectively then the structure of ? is closer to its date of expiry !!!
That should be up to the Polish people to decide.
Poland should join the US and enter the dollar zone, that would suit them better.
Eurozone must be a zone were EU Countries CAN easely enter if ready and go out if no forfill the criterius put by the EU parlement
I still believe euro was not a good idea, at least not in the way they implemented it
That should be Polands decision only!
if they are clever, they will stay out of Euro xD
because of its neighbouring countries.
flexibility of change rate instead the euro !
False assumption. They didn’t so well.
When you start off from zero you can only go up ( from communism to free economy and democracy ) . The question can only be answered if sustainable growth is achieved over a prolonged time period in depth !!!!
Because every family have one or two persons working in other country …. But where you see the success in Poland ?? Have you see people sleep and die out in cold ??
Do you know that everyone in Poland work for German company ?? And spend the money in German supermarket ???
Germans make Poland to be the land of Germans factories that’s why Germans let Poland have low debt
Everyone know that
in all countries have see many polish workers !!!!!
Can be attributed to being out of Euro.
GDP per capita in Czech or Slovakia, Slovenia is higher I really don’t understand what author calls a success. I am Pole myself who moved out of the country 4 years ago. reason? I didn’t see any opportunities there.
Poland is one of the top achievers of the transition period, but is it really doing that much better than other former communist countries? I fail to see how. Plus, it has some of the worse demographics (lowest TFR, hence fastest ageing process) in the entire former Eastern block. This will take a deep toll in the long-run.
slovenia is success not poland, but it was even before eu
Above all it’s due to low salaries.
Boys, Poland is success compared to EASTERN european economies. The reason is that they opened the files of the secret police, whereas the Bulgarian PM was a member of it but nobody cares…
Germany as Neighbor ))))
Yeah, let’s see where they are in 50 yrs…! Lol…
Because the govt stole 50% of everybody’s pensions to pay off the govt debt quicker.
Probably due to a stronger anti-Soviet reaction which pushed them more to the West in their political, military and economic thinking. My belief is that they simply were more than ready to reject the Communist Party methods and embrace those strategies which had worked so well in France, West Germany and elsewhere.
Tom Kwiatkowski please share your wise point of view.
Im polish and proud ;)
Poland is governed by a corrupt government which has about as much competence in economics as in anything else, and by that I mean no competence at all. The country is drained of young, educated professionals who naturally use the prerogative to emigrate West in order to access higher salaries. Alongside them, millions of workers with an outstanding work-ethic also leave the country seeking a job elsewhere. Average costs of living exceed the minimal wage by at least threefold, meaning that it is actually impossible to survive on the minimum wage. Income taxes and national insurance rates are criminal. Billions of Euros of support from the European Union have been wasted, mismanaged and disappeared in never-ending loopholes caused by a government that is corrupted to the bone, starting with the cabinet, and ending with the local authorities. Foreign businesses receive advantageous tax packages which lead to economic exploitation and more people employed on worthless contracts which do not contribute to an improvement in living standards at all. To put it briefly, Poland is an economic failure due to mismanagement and it requires an immediate change of government and a thorough process of decommunisation, effective corruption elimination and a long-term economic plan which will compel Poles to return home and support native industries. I do not know who is responsible for the creation of the myth of Poland as a vibrant and successful economy, but it ha to stop immediately, because it is not true! And yes, all this is coming from a Pole.
Read the comment above yours ;)
Women
Any country without the euro currency as more chances to attract business thanks to devaluation and low tax rates+ low salaries….
What with a lot of the population living in the UK?
developing country, which means all the expenses from the public budget comeback as gdp growth.. when the investment will stop or for reasonable levels, there wont be any success lol
Polish economic sucess ? there is a lot of poverty in Poland. Young people continue to migrate because there is no work or underemployed. Economic sucess for whon ?
Estonia, Slovenia or the Czech Republic were probably more successful in their transition to a market economy. The reason for the highlight on Poland’s perfomance is its relative importance when comparing to the rest of the former communist economies. Warsaw is often taken as the next Madrid in Europolitical matters, i.e. a medium-big economy that’s able to project power regionally. Regarding entering the eurozone, I would only ask for former communist economies not to commit the same mistakes as Greece or Portugal in the early 90s, i.e. entering a monetary union w/o any productive structure that supports fierce foreign competition.
Marta Kowalczuk
To the Witcher!
Poland began the democratical changes ten years before the other countries. Poland was much more prepared when got into EU then the other countries. The culture of the polish people also has a word to say.
becouse polish emigrants can qork all over the world without no problem even they r big truble in england and to manny places all the other countrys saffer as emigrants so this is one of the main reasons
German neighbours and hard workers.
Hard workers; massive amounts of EU funding; no Euro.
Its the EURO stupid..
What leads the economic success in Poland is the human capital and agriculture.
In Spain there are quite a few immigrants from Poland , some are our friends . They didn’t leave Poland becaouse of living well. I think that the Euro is sick because European leaders refuse to adopt Keynesian methods to get out of the crisis. The oligarqui doesn’t want ot get out of it , for them is a profit. It would be stupid from Poland to join the desastrous situation that the border countries are living.
Hard work which was evident when they came to UK and Ireland!
Capitalism is greatest enemy of not just humanity, but life on this planet, according to any statistical data made by any international organisation
The country actually lies in the middle of Europe and the thinking has been close to the West already before the end of the iron curtain. They know a lot about economy.
How many young Poles had to leave their country to make the statistics look good?
Poland is so well after 25 years, because before was not so well among the SIV countries. My observation is that all of the former communist countries are progressing with almost the same speed. Warsaw finally have a metro after 50 years. Sofia, Bulgaria have a tripple longer metropolitan only in 15 years.
Malin Umebladh
Sylvain Kata
Sylvain Kata
hard working people with a great cultural envolvement ;-)
#PORTUGAL has New Leglislation allowing it to export #dogs to #Kores for food – they will be skinned alive and left to die in a mountain of corpes – YOU ARE EUROPE – STOP it !!! https://www.facebook.com/AlgarveResident/posts/10153212804755569
Max Penev ?
To the people of Poland! But stay with your own currency Poland, look at us, at Portugal!
Also, now we eat meat from Poland, the only place where we have money to import, if Poland change … we only will be able to eat chicken meat… think about it Poland!
Turning state owned centrally planned economy into PRIVATE free market business driven- simple, BUT very difficult. We did it.
Three words: Free Market Economy.
I would think twice before joining the Eurozone!!! If you are doing well on your own why join???? Can’t you see that we are not equal in the EU?
doing so well that almost 3 million people emigrated
More freedom. Less bureaucracy.
Freedom. The Shock Theraphy worked in the long run.
Wages are very low compared to the european average and you call this doing well? when in Poland, like I hope, people will earn good salaries and part of the companies will be polish and not Germans, French, British and Italians only them we can talk about a Polish miracle.
Art 63 du TFUE, fastoche !!
Perhaps because Poland has already withdrawn the majority of the funds it is allocated by the ECB.
Maybe because there never was socialist economies in other parts but state capitalists?And after 89 the same people continued to rule without any clue what democracy is and they wanted to keep all the money and power and influence what they had in the cold war era?
I moved from America to Gdansk. Its a great place, and the quility of life is superior to much of “western” Europe
Avec plus de 12 milliards reçus chaque année de nos impôts, c’est bien simple!
No corruption lime in the south of europe
I live there 3 years !
1st … 35% of polish work in other country so they incoming money is lot
2d Germany have finish the “job” there …. All factories , all supermarkets are germanys and France (one from Spain) NO ONE FROM POLAND
3d in Polish people work in German jobs but they spend the money at German supermarkets so because the incoming from other countries you think is better and Germans give money from job and they take back from supermarkets
Think that : from early 90s they work in other countries but they still cannot go back because all the above !!
The same time this people know about economy because a hard past .
So my opinion is that you think is good economy there , life is deferent !!!
Konrad Hyży!
Because they help farmers
education reform. Rather impressive. I read an article when Polands educational minister visited Sofia
I think it is simple they fall in love with EU and tried to develop their country to be like any other EU country , they developed economy , democracy and justice trying to become like Germans . Other countries had governments that was corrupt and nationalistic at the same time people in many countries was afraid of EU . EU is a big change for many nations that was living for themselves for long time . Many nations has difficult to accept EU and EU integration .
because it’s beside an industrial powerhouse, Germany
its a large economy and manufacturers particularly teh food industries have managed to survive the euro by offering same products as the big interenational brands but at relatively lower prices…the added input of locally made products is much higher than imported goods…Besides same manufacturers succeeded in finding new markets within the Eu free market movement, competing mainly on price but offering relatively high quality goods.
يارب ارزقنا زياره مجانيه
Yes, many work outside :D
Its nezt to Germany
Americas investment to handicap a Russian-German alliance!
With Andrzej as new President of the Republic it’s alright?
Simple.It is next to Russia ,so usa and their dog germany are building a shield against the russians…
It is doing better than other east European countries for 2 reasons: 1. They had 1 million immigrants 25 years ago, those people had the money from west to invest in their own country. 2. They are the largest country from east Europe being let to join EU with 40 million people. However many Polls still immigrating now because of the low wages and that will leave the old generation without income..
Because instead of wrecking it, Germany actually invested in their economy.
German huge investment?
Simple answer: They have excluded ex – mentality out of life : out of media , out of government , out of bussiness. They have excluded communism . That is the winning policy.
They work really hard, at least the 7 pupils I’ve had so far
Very simple, our Polish friends – after their eyes have been opened by the Solidarity movement – had the common sense not to vote for the leftlib parties since 2004 and you could clearly see the results…
https://www.facebook.com/planetbpmfans/notifications/
The question should be: How will be the growth in Poland after joining the Euro? Remember that Portugal grew 3% above the European averarage before joining €. After that were a few years before being rescued. For example, we import meat from Poland due to the exchange, if Poland have € we could not import from there….
BDP is not measure of happiness or life quality
They struggled open against Socialism already from the 70*s.
I have also polish friends that have migrated to Spain, becouse of the bad situation.
Monika Swaczyna
Daniele Porcelli
The elections yesterday makes Poland go the hungarian nationalistic way
All the other ex comunist countries voted for left wing socialist corupt parties which ruined the economy and the hopes for development and growth. I m Romanian. I know what coruption does to us. 4,5 million young people fled the country out of a total of 8 milion active population. It s dramatic.
They had lustration among other things.
They are wise and the majority very well instructed… so, they can better usefull the opportunities gaven by EU… so easier like this…and learn with the mistakes of the others countries… they have too a strategic geographic position to earn more….
No.
Well, ready, yes, just about. In terms of convergence criteria, that is.
The currency union needs to be finalized now. Greece should leave of course, and so should any others who believe that to be to their advantage. The treaties should be amended as to not require anyone else to join.
This currency union isn’t gameplay, it requires some long term commitment and a certain perseverance. Those not willing to partake in that but instead waiting on the sidelines until they can join effortlessly and to their advantage should stay out forever.
No to Euro as Currency.As long as polish people will have their democratic right,Zloty will remain their currency.German or Slovakian are very unhappy with Euro as currency and they wish they never joined!
Poland would reach the level of income of Western Europe much earlier .We could become a powerhouse of Europe , at least we would overtake countries like Italy or Spain . Now Poles feel deceived , that`s why we will never again believe techoncrats from eurozone and we will never join euro – maybe in 50 years , haha. We were milked once but it will not happen again . We went through a hard lesson . It was a simple plan to milk Poland from money in the year 1998 – before joining EU . Listen to that story , maybe some of you will think twice about how hard Polish people work and how easy was to steal money from us , because we beleved in what some financial tycoons told us .
The Germans destroyed 66 % of our capital during WWII and never paid us war reperations , but they spread the false propaganda having its roots in Bismarck era that Poles were subhumans now they say we steal from them the cars – sic!. They don`t even teach the proper history at the schools . But coming back to the topic . Western European financial institutions mainly from Germany , Netherlands and the US supported by corrupt politicians of these countries founded subsidiaries in the form of Amplico Poland , ING Poland , Allianz Poland on our theritory , which founded private pension plan companies , then in unconstrained way the government transferred to their accounts in the years 1998 – 2013 a total of over 300 billion Polish money ig half of the annual GDP, nominal !These entities downloaded a total of 17 billion of US $ in net profit, without doing anything. So is it not a scam? Someone will say no …. ????
It’s a myth.Let me explain . Half of those uprooted from the state budget money they invested in bonds issued by the Polish Treasury, carrying a zero financial risk, because as you know the bonds are redeemed after a certain period by the state, along with the dividend, or let’s say for 107% of their nominal value.
So on this operation OFE ( private pension plan ) gained any risk in the form of a margin of 17 billion US of net profit from the purchase of bonds = 70 billion PLN from the state budget.
And what the state had to do: borrow up money in order to issue bonds, meet their obligations to retirees having no longer part of the pension contribution in the state pension institution called ZUS , which was drained earlier to open pension funds . Btw -OFE paid for 10 years no pension, because of their deceitful campaign which urged Poles not to join OFE if they missed 10 years or slightly more years to retirement ). In this way they generated through these 13 years only profits without incurring any costs except for own costs ( toners for copiers and paper Oh .I forgot about salaries – they were huge .
The scam was simple -the state treasury gave billions to Open Pension Funds and to fulfill its obligations they emitted bonds and these bonds were bought in turn by the state . It is like the state gave its money to the thief and then the state would have to borrow money from the bank, in which the same thief put his money deriving profit from it, not to mention what capital the thief would generate . After several years our thief would transfer this huge capital to their accounts in Germany, the Netherlands and the USA – mother companies and no trace had been found after that money . The thief would say at the end – I declare bankruptcy.Thanks for reading !
Poland should not join the euro. The euro states share the impossible task of trying to have the same monetary policy with different fiscal policies. Not to mention immigration problems. Here in the U.S. liberal-socialists are spending our nation into oblivion. Stick with a capitalist policy and let hard work determine your future!
As an American who spent long periods of time living in Poland, I respect and admire the Polish people and all that they have been able to accomplish. IMHO, Poland needs to stay with the Zloty and run as fast as they can from the Euro. The Euro will eventually fail, maybe not today, tomorrow or next week, but that failure is inevitable. The Euro was a false construct from day one, set up so that the larger, more powerful economies (read Germany and probably France) could suck the life out of the smaller economies and to a great extent, that’s what has happened. Even the individuals who thought up this disaster now admit it was a mistake. Poland can do just fine without the Euro and will probably be in a superb position once it fails. Stay the course Poland!!
“The country is likely to become the third former socialist country to adopt the Euro in the next five years (after Slovenia and Slovakia), once it meets all the criteria.”
Don’t forget the Baltic States!
I hope Poland, Czechia, Hungary, Sweden etc. never joins, Greece, France, Portugal, Spain leaves Eurozone, but we keep the freedom of movement and remain a confederation rather than a federation. Croats, Romanians, Bulgarians, don’t be stupid, don’t join the €! It will suck you dry! Your banknotes are part of your cultural heritage and your independence.
If it joins Euro, the next thing to happen in polish economy is expensive exports. Hope Poland won’t make such a mistake.
Yes, why not?
Yes. Either you in the Eurozone or you might as well leave the Union. It needs to be a requirement to full fill all criteria when joining the EU, including Eurozone requirements.
Poland is strong and in political and economical means the most important country in eastern Europe. Poland has a divers economy that makes it more resistent to economical crises. That is why it has to be a member of the Eorozone. Also it tightens the Integration into the EU. Important in times when there is a hostile Russia looking for Poland. Never again!
we shouldnt destroy her!!!
whats success? Salary 400 euro. Slovenia is success out of ex socialist countries…
Euro is a problem to most of the eurozone members. In other words, they should stay out.
YES
We should return back to our national currencies with a favourable rate of exchange for all of europe and the world, as in reality as part of the world, we should be not competetive yet be in propserity or all ntions in the world and not only the European Block.
If they are stupid they will join the eurozone
Yes
Sweden and Denmark voted NO to Eurozone in referendums. So Poland needs referendum – it has democracy. Poland is not latvia, lithuania or estonia where euro was forced upon people against the democracy and against people’s will
Wrong question. The right question should be: are all the €urozone-countries ready to go out from the oppressive and terrorist system offerte The €uro? The answer: “Yes, sure! Immediately!
Yes, it was ready before the euro crisis, it should be ready now too
.
Only a fool would join the job destroying Euro and the Pole’s are clever people so will never join it.
http://www.theguardian.com/uk-news/2014/apr/26/polish-immigration-britain-cities-elections
Is Europe the EU ready for Poland?in the eurozone??
. It’s said no country will join for another 5/years.We shall see during that time..
Poland will destroy itself if it does …
Hope they don’t join it….they will loose their autonomy and will become economical and political vassals of Brussels
Maybe, but the question is: is Poland willing to joint the Euro zone?
Debating Europe
How can you say that losing million’s of it’s young, skilled & most intelligent people as been a ‘success’ for Poland ?
http://uk.reuters.com/article/2014/12/05/uk-europe-demographics-poland-idUKKCN0JJ0KT20141205
It would be interesting to see the up-to-date views of the same Polish politicians in the light of the recent Greek crisis. The Eurozone is a political project and so it is up to Poles to decide if they believe so strongly in long-term political integration of the Eurozone states, even if this sometimes causes them economic hardship.
We do not want to join eurozone. Our politics and banksters – sure they do but people dont and as Janusz Korwin Mikke says we will join eurozeone in 2223 or optionally in 2222 :D
Why, with the Greece, the Uk problems, and out of control immigration. Now is not the time.
Real question is: are they willing to join?
The Poland people reject that idea, but the politics will against the people, against the human rights, against the political terror on EU….. But the politics do not care for the people, for euro and world history….
Is the Eurozone ready to receive another country? Is the Eurozone stable and consolidated to keep expanding and adding to its complexity? I seriously doubt it!
If Poland enters eurozone they can say goodbye to any economical growth. http://www.theguardian.com/business/2015/may/13/growth-eurozone-economies-france-greece-figures
yes we are ready and want Euro. In varietate concordia
Yes.
– 30% of polish people work in other countries
– there is not any polish supermarket
– there is only German factories
– there must work 3 people in one family only for living !!!
I LIVE THERE AND I SEE ALL I WRITE !!!!
WHERE YOU SEE THE SUCCESS ??????
THIS IS THE SUCCESS YOU WISH FOR EU ?? you wish everyone work for German factory for 300€ (1200 zlot) ???
You wish everyone work Sunday like there ???
You wish all tv and radio to be German ??
WHAT KIND OF LIFE YOU THINK WE CAN HAVE IN EU ????
wow – never thought about this before – but – errmmm – YES – I think I agree (^__~)
You have brainwash everyone that EURO is must. If you have join Euro you cannot get rid of it but if you have the ability to choose then choose your local coin. Otherwise you are making Germany richer and richer.
Eurozone is ready to let some country out of the euro
Poland is also the most ethnically pure country in europe.
The EU need loyal and strong and consequent partners – I am very impressed about the development in Poland. This is a strong central european country you can be glad about to have them in an allied partnership.
They would probably be better off opting out. The way the EZ has responded to the crisis pales in comparison to how well the UK and Denmark have responded
Yes …
No no no never we see Greece we see Italy and Spain Poland is more bigger than u
if they have enough common sense they will say NO WAY… and rules by Germany . .
Poland, please do not join the Eurozone!
While Poland is one of the poorest U.S. states, it is in the Dollar zone, so no need to join the Euro zone.
If they have any sense they will stay as far away from EU membership as possible, The EU has done nothing for Ireland, Politicians will argue that if Ireland never joined the EU we would not have certain things that we have today, The reality is that for everything that we as Irish citizen’s received from EU membership, It was taken from us again by means of tax’s, The only people who have gained anything from membership of the EU, Is our Politicians, Banks and wealthy business people to whom we as citizens are funding their high flying lifestyles through tax deductions from our wages each week. By signing up to become a member of the EU, Poland can expect to loose whatever state assets & Natural resources they have within their country, There are plenty country’s just like Greece that can back this up.
I have nothing against Poland and for that reason I would never wish they join the E.U FOR YOUR OWN SAKE PLEASE VOTE NO!!!!! We (Cyprus) Curse the very moment we joined please say NO PLEASE STAY OUT OF THE E.U IT WILL DESTROY YOUR ECONOMY!!!! You will do soooo much better without the fucked up e.u
Excuse me but please note that Poland is already a member of the EU. Don’t confuse the EU with the Eurozone! It’s just a bit embarrassing to not know the difference.
If they are wise, they stay out of the euro!
They had enough of “german troubles” in the past to want that.
Why give up your monetary police when it s working like crap for other countries?
Actually, the DDR was the most successful.
i m gonna keep calling you fascists bureaucrats becouse this is what you are.It was a couple of months ago that Polish people voted against the euro…So what s the meaning of doing that debate?Brainwash?Why dont you ask if Iceland should be a part of eurozone ,it would be a better joke…Or why dont you ask if Germany should go out of the common currency,that would be good for europe…
If they stay away from the Euro Zone, their economy will increase again and again!
I hope that they and my country (Bulgaria) will stay away from the euro!
NO! If you read the last statistics, NO WAY! Another Greece?
I’d say that this debate is perfect breeding ground for Greek anti-German propaganda! Anyone want to debate that?
Do they want to Really join the euro zone? 😎 or germany is looking for more slaves?
Oh !!! Yes !!!
why not
No, Euro is too expensive for Poland, let Poland grow more!
Patrick Crawford ,Anna Gardner,The discussion is about whether or not Poland should join the Eurozone or not about membership of the EU ,they have been members of the EU for the last 10 years .The EU hasn’t destroyed any economies because in the case of Greece ,it were there own corrupt politicians that destroyed that thought that by borrowing money to get out of debt and now the Eurozone countries have save them from being Bankrupt ,Cyprus is now ruled by the Russian Mafia because they own most of the hotels and shops on Cyprus
Dear all I propose we just dismantle the EU and give Europe to all the migrants and the IS can rule with their own currency. And then we can stop debating because they’ll just chop our heads off for that!
Poland is lovely. Hard working people and pretty ladies!
yes!
Poland is successful exactly because it hasn’t joined the eurozone. Hope its government will be smart enough not to ever join the European disaster.
Tomasz what do u tkink about it?
Krzysztof Nesterowicz
Poland is a great country, a example of the new east Europe. If they’ll want, they will be welcomed.
Poland of cours but eurozone working no good
Why would Poland make such mistake and accept the currency of the german ratzilla?
Eurozone has failed!! No country should join
Wouldn’t the real question rather be : is Eurozone ready to take new members ?
I don’t know if they want that…. why make the same mistakes…
why not :D
yes please :D
Are you kidding me! You didn’t fucket with already members in the zone, you want add Poland to the list too ! ! !
Why its up for them to decide n if der government is not corrupt ders no problem if they want to join eurozone
If Poland wants to go bankrupt, why not?If there is no common state must not have a common currency.Eurozone will either break with a bang, or countries it will be forced to integrate to the extent of a country like the United States. Average way to European paradise does not exist today
yes, it seems to me…:-)
no, too much like the U.S.
God forbid, ofcourse no. The euro is falling apart, why would we want to enter a burning bulding?
Is Poland ready to join the Eurozone? Depends on how many refugees they are prepared to take….
Alan Gallop What has taking in refugees have to with joining the Euro ,19 countries already use the Euro and when they joined they weren,t asked how many refugees will you take .the history of the Euro goes back to 1991 when the agreement was made by 11 countries and in 2002 it became legal tender in those countries
The real problem here is that EU is hungry for new slaves, and will do all to make the Poland next slave country.
well, euro will probably start to fall in some years, so Poland should keep zloty
Joining the Eurozone now will hinder Poland’s current Golden Age. The country is growing well and even European countries exporting to Poland are enjoying this trend. The benefits of staying (momentarily) outside the Eurozone outweighs the benefits of joining the club. Poland should stay in complete political, financial and fiscal control of its economy to sustain the growth trend expected for at least the next 5yrs.
No no no
Not neccessary .If they have stable value and monetary sistem , why would they join it?? No need. For their good.
Only if they want to suffer …. They are doing very well as they are !
ΝΟΟΟΟΟΟ i want to travel there and feel rich with Euro in my pockets!!
The euro has damaged many countries in the European Union, mainly by hurting the working class, stay away!
yup it did
Surprises me how UGLY and DESTRUCTIVE the Euro is. Only Germany benefits from it. After joining the Euro prices went up 300% in Lithuania and now Lithuanians have Portuguese salaries and Swiss prices. The Eastern Baltic countries all joined the EURO only because they are too small? But how about Iceland and Luxembourg? Poland should not join the EuroZone. I love to see the Lithuanian-Polish king JOGAILA on the Polish zloty banknotes. I congratulate the countries such as Czechia, Magyarorszag, Polska for being the true erudites regarding the New World Order and its policies destroying cultures around Europe by mass illegal immigration, euro and other totalitarian measures.
Stay away from Eurozone. I hope Portugal, Greece, Italy, then France leaves the Eurozone. What will remain of te Eurozone will be the Finland with the Baltic Countries, Germany, Nederland, maybe Ireland, also Austria? That’s about it. It is enough to have a lose economic union and a Schengen Zone. Europe should remain multicultural in a way that it is European-multicult and not another US.
If i wanted to destroy Poland,i would recommend them to join the Euro.
Because i am not an a**ole though,i advise them to stay the hell away for the currency as possible.
It is time to create a new Union or Confederation of Fair Economies including all former USSR countries including especially Central Asia (for spice and culture), Caucasus, Russia, Mongolia, also include Turkey, Kurdistan, maybe even Syria and Lebanon, Lithuania, Poland, Ukraine etc. probably western Europe as well, if they want to, but under our conditions, without pyramid schemes, without chemtrails, satanism, without narcotics, evil movies for our kids, without false flag attacks and inside jobs and without the infamous NWO. Instead of socialism or capitalism I would call it a Fair Free Economy instead, or Fairism. Such a Confederation will NOT have one currency. It will have many cultures, many currencies, but one purpose, to create beautiful, clean and fair life and environment for everyone in free market fair conditions with small business and NO large corporations and goodness without evil. Perhaps the EU can transform into such society and attract Central Asia countries to join? Get away from the influence of the ridiculous United States influence. It is best to rename it Eurasian Confederation.
P.S.: Or even better, each and every country remains on its own with good and fair neighbourhood policy and develops its own culture, without any wars and conflicts. Political correctness and cultural mixing in one country does not seem to work. The differences will always develop and exist and that is a natural process. One thing I would vote aganst, – the €uro. It’s out and national currencies in.
POLAND SHOULD HAVE NOT BEEN ALLOWED TO JOIN THE EU, UNTIL IT RAISED IT’S MINIMUM WAGE FOR WORKERS.
THAT WAY YOU WOULDN’T HAVE THIS MIGRATION PROBLEM OF ALL THE YOUTHFUL PEOPLE OF POLAND ESCAPING AND WORKING IN WESTERN EUROPE. THEY NEED TO SORT THEIR OWN COUNTRY FIRST.
That would benefit Poland itself as it would not be losing lots of people to emigration. Poland, Hungary, Czechia, Denmark, Sweden, UK etc. should NEVER join the €urozone. Never. For their own benefit.
Yeah the free trade within Europe has been highly beneficial however the benefits of the free movement of people has not been widely appreciated.
Raising the minimum wage would of course result in higher cost of doing business and a reduced standard of living as inflation and unemployment both rise.
The European economy is dragging the world down and if wasn’t for the developing countries in Africa and Asia then the economy would be even worse off.
In fact Europe would do well to check out the business opportunities with those parts of the world that are now thriving thanks to free trade.
The European Union experiment has worked well up to a point however is now due for a renewal with less central governance
Antarctica is a good new member to join…. it would cool down brains of the Brussels bureaucrats.
i want euro come in poland then poland people’s not running outside 4 work
Of course not, Poland is a proxy of the America and with very aggressive foreign policy. It serves more to divide rather than contributing EU a better union.
The wrong admission of some Eastern European states on geopolitical purpose without ensuring its allegiance is detrimental to EU. As from this distribution of US Biolaboratories around Russia, we ought to know that including all these Eastern European countries is equal to welcoming US biolaboratories into EU, which is more easily for biochemical warfare being used in the union. As we can see how the COVID-19 has spread across the military forces of some many EU states which are also members of NATO. For security of Europe, an independent army must be created, military strength of NATO needs to be deployed under the EU army. Besides, member states ought to close all foreign biolaboratories or hand them over to EU. EU ought to have the power to check all these laboratories according to relevant international treaties. Action must be taken and very quickly so as to stop the COVID-19 and prevent the recurrence of future pandemic outbreak: https://twitter.com/mokumnews/status/967277180681105408/photo/1