Tag: Euro
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Head of Polish central bank to be put on trial, says Tusk
Poland’s Prime Minister Donald Tusk confirmed on Tuesday that a motion to indict the head of the central bank (NBP), Adam Glapiński, was ready and would soon be brought before parliament. Tusk noted that prosecuting Glapiński was one of the promises his party made to the electorate in last year’s parliamentary elections. Tusk’s party has…
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Will Poland adopt the euro currency under Tusk? Right-wing Confederation party says the campaign has already begun
The New Year has brought with it articles in the influential daily Rzeczpospolita arguing that Poland is losing out financially as a result of staying out of the eurozone. These articles cite economists who claim that Poland is losing money each year that it stays outside of the eurozone. However, the matter is not as…
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Large majority of Poles reject euro currency
Almost 65 percent of Poles are against the euro currency being introduced to Poland, a new survey by the Institute of Economic and Social Research (IBRiS) for commercial Radio ZET shows. At the same time, only 24.5 percent of all respondents want the euro currency. Respondents who “strongly disagree” are the largest group, 49 percent,…
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Croatians shocked by soaring prices after adopting euro currency
Croatia’s entry into the eurozone has caused a wave of price increases in stores, prompting Croatian Prime Minister Andrej Plenković to hold a meeting with representatives of the National Inspectorate and the Revenue Agency. Moving from the national kuna currency to the euro has led retailers to significantly increase the prices of goods and services.…
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Inflation hits record in eurozone, surges to 9.1%
Eurozone inflation rose to 9.1 percent year-over-year in August, a new record and more than economists were predicting. In response, the European Central Bank (ECB) is now expected to raise interest rates substantially, most likely by 0.75 percentage points, with expectations of such a move leading the euro to strength against the dollar. On Wednesday…
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Poland must never abandon its currency
Over the last two decades, Poland’s GDP has doubled whereas Germany’s rose by less than a quarter. Unemployment in Poland has come down to just 3.4 percent from 20 percent in that time and is now the second lowest in the EU. Apart from the hard work and enterprise shown by Poles, this has also…
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How Europe’s elites plan to force Poland to give up its currency
Before coming back into Polish politics, former Polish Prime Minister Donald Tusk was given a clear assignment by the Eurocrat establishment. His task was to bring down the present conservative government and get Poland ready to enter the eurozone by first entering the ERM II system. Last summer, it seemed that bringing down the government…
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Poland’s weakened currency will keep Poles stuck behind Western Europe in terms of pay and living standards
Last year, the average wage in Poland was €1,170 per month, which was 38.6 percent of the average in the EU. in terms of wages. The comparison with Germany (26.7 percent) and France (35 percent) is even less favorable for Poland. These differentials in terms of pay remained the same as in 2020 and 2019.…
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Poland under pressure to join eurozone, says central bank’s head
Poland’s head of its central bank (NBP), Adam Glapiński, spoke at a press conference over the weekend where he revealed that there is intense pressure for Poland to join the eurozone but that he would resist. “As long as I am the head of the NBP, Poland will not enter the eurozone,” he declared. “There…
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Why Czechia should not adopt the euro
The Chamber of Deputies Speaker Markéta Pekarová Adamová recently claimed that because inflation in the eurozone is lower than the 14.2 percent currently seen in Czechia, it is a mistake that we do not have the euro. You would have thought that everyone would have already gotten it by now, but here it is again……
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Adopting the euro currency won’t fix Poland’s economic problems
High inflation, war in Ukraine, currency fluctuations, and increased interest rates are sparking talk about Poland’s potential entry into the eurozone to help combat some of these economic headwinds. The idea has potential, because this process would take only a couple of years given that Poland fulfills the currency convergence criteria. It is a decision…
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Hungarian Central Bank governor suggests two-tier euro exchange rate
The post-World War II reconstruction of Western Europe, with the strategic support of the United States, created a Western economic rival for Washington. This was what the American financial and commercial warfare of the 1970s was trying to stop. German unification and the euro have already created a political and financial rival. This competition was…
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Proponents of the euro in Czechia running out of arguments
Hungarian economic development will remain strong in the coming years but there is a danger of labor market overheating, the Organisation for Economic Cooperation and Development (OECD) said in its latest country report released on January 31st.
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The euro celebrates twenty years of existence
The US Ambassador to Germany threatened Western companies involved in Nord Stream 2 (NS2) with sanctions. The US embassy’s spokesman claims that the letter sent by the ambassador was merely a “clear declaration of the United States’ policy.”
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Euro turns 20 and there is nothing to celebrate
The book called Serotonin embodies all the hatred that the French controversial writer has for the EU.
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20 years of the eurozone and its mistakes
As reported in the Austrian media, migrants seeking asylum in the country are way less educated than authorities proclaimed. Nearly 70 percent of them only finished compulsory schooling, while those with a university degree hit less than 10 percent.
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Klaus: The euro is one of the biggest issues for European integration
Real estate agency Duna House takes a look at the smallest and largest, cheapest and most expensive residences sold in Hungary last year.
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Italy and France struggle with the euro
Japanese carmaker Nissan will expand its service center in Budapest, Minister of Foreign Affairs and Trade Péter Szíjjártó said on Tuesday.
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No need to hurry with the adoption of the euro
The UN Migration Pact can simply become another threat to a free and wealthy world, it doesn’t matter whether the Pact is binding or not, said the Vice-President of CEVRO Institute and former Czech Ambassador to Israel Tomáš Pojar. Progressivists are trying to reach a global system of redistribution of people — little by little,…
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Adopting the euro will not help say economists
Even without their two top players, the Czech Republic retained its perfect record in the Fed Cup final by winning the trophy for the sixth time in eight years.