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The current economic crisis has highlighted the benefits of euro area membership for some countries (Photo: European Commission)

Poland continues drive towards euro

The Polish government is pressing ahead with its ambitious plans to adopt the euro by 1 January 2012 as fears that the move would be premature under the current environment appear to be subsiding.

To join the currency shared by 16 of the EU's 27 member states, Poland would first have to first enter a two-year antechamber known as Exchange Rate Mechanism II, which allows only limited currency fluctuations between - in this case - the zloty and the euro. The Polish government hopes to ent...

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The current economic crisis has highlighted the benefits of euro area membership for some countries (Photo: European Commission)

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