The topic of Poland's potential entry into the eurozone is frequently revisited—and for good reason. This decision carries significant long-term economic and political implications. The euro is neither a guaranteed solution nor an inherent threat. It can offer benefits such as stability, deeper integration into the EU market, and increased investor confidence, but this is contingent upon entering the eurozone as a strong and resilient partner.

The Warsaw Enterprise Institute conducted a survey to gauge public opinion on Poland's adoption of the euro. The results indicate that 74% of Poles oppose the introduction of the euro, while only 26% support it. A comparison with other recent polls reveals a consistent decline in public support for Poland's entry into the eurozone. For example, a similar survey conducted in 2024 found that 33% were in favor, down from 35% in 2023. Interestingly, euro supporters are more likely to be entrepreneurs and older individuals. Proponents highlight the benefits of eurozone membership, including reduced exchange rate risk (22% of respondents), simplified international transactions for businesses (18%), and enhanced economic stability (13%). In contrast, opponents of the euro emphasized their primary concerns: a rise in prices and lower living standards (51% of respondents), the loss of the national currency (26%), and excessive dependence on the European Union (17%).

While a common currency can be advantageous, it is crucial to recognize that a well-intentioned tool can be counterproductive if misapplied. Currently, Poland's economy is still catching up with Western economies. We have unique business cycles, different inflation patterns, and varying wage dynamics. Losing the ability to conduct an independent monetary policy—an essential tool for responding to economic crises—could ultimately be detrimental. Moreover, social issues cannot be ignored. Poles are divided on the euro, and trust in European institutions is sometimes uncertain. Joining the monetary union should be a carefully considered decision grounded in thorough consultations and rational analysis rather than political impulses. The euro could be a realistic goal, but only after we satisfy all necessary economic and social conditions. Our priorities should be further development, stable public finances, and strong institutions. The euro can be the culmination of these efforts rather than the starting point.

Source,

Łukasz Wojdyga
Director of the Center for Strategic