Technically the ECB is non-political and is based in Frankfurt rather than Brussels.
Right now 1 Zloty will get you .2388 Euro.
Poland Pulls The Plug On Imminent Euro Entry
We're watching Poland because, despite a real slowdown in construction, it has one of the soundest economies in Europe and a lot of upside.
...Now, Poland's deputy finance minister is pulling back dramatically from their desire to enter the European union:
It seems there is some rational thinking occurring in Europe - no matter how algos react to recycled headlines.
- *POLAND PLANS `OPPOSITE OF ACCELERATION' IN EURO DRIVE: DOMINIK
- *POLAND SAYS EURO-AREA STABILITY IS NEW CRITERION FOR EURO ENTRY
Repost--I Bet Poland is Glad it Hasn't Adopted the Euro
In his new book "Breakout Nations: In Pursuit of the Next Economic Miracles" Ruchir Sharma, head of emerging market equities and global macro at Morgan Stanley calls Poland and the Czech Republic the "sweet spots" in Europe.
As members of the EU who have not adopted the euro they have monetary flexibility that other EU members would kill for.
Although scheduled to begin using the euro in 2015 Poland's bankers have not expressed any great urgency about getting there....