Poland”s Finance Minister Andrzej Domanski recently articulated a strong stance against adopting the euro, citing the country”s robust economic performance. In an interview with the Financial Times, he highlighted that Poland”s economy is expected to grow by 3.5% this year, significantly outpacing the eurozone”s projected growth of just 1.2%.
Domanski remarked, “Our economy is now doing clearly better than most of those that have the euro.” This assertion is backed by data showing a mere 0.2% quarter-on-quarter growth for the eurozone in the third quarter of 2025, with forecasts for the next year suggesting growth could range between 0.9% and 1.3%.
The European Central Bank”s response to the eurozone”s lackluster performance has been to reduce interest rates by 200 basis points to 2% by June 2025. This economic backdrop has fueled Poland”s resolve to maintain its national currency, the zloty.
Poland is not isolated in its reluctance to join the eurozone; both the Czech Republic and Hungary have similarly resisted adopting the euro over the past two decades. Recent polling indicates that 72% of Czechs oppose euro adoption, while Hungary”s Prime Minister Viktor Orban has expressed that Hungary will not adopt the euro until its economy achieves 85% of Germany”s GDP per capita.
Concerns about losing monetary sovereignty and control over national currencies are prevalent in these nations. Poland, along with Denmark and Sweden, will remain some of the last EU members outside the eurozone once Bulgaria and Romania transition to the euro.
Despite the pro-European stance of Prime Minister Donald Tusk”s government, euro adoption is not currently on the agenda, reflecting the significant political hurdles involved. Domanski noted a shift in his perspective, stating that he previously feared Poland might be marginalized in a two-tier EU. However, he now believes there is no compelling reason to abandon the zloty, given Poland”s strong economic standing.
As Poland continues to thrive economically, the likelihood of pursuing euro membership diminishes, reinforcing the country”s commitment to its currency while remaining an integral part of the European Union.
