Tuesday, December 7, 2010

Poland’s Currency Lifts Economy

Foreign investment is pouring into Poland and investment opportunities are all over - all while many other European countries are struggling.
Without the euro, Poland is prospering.
"One of the big lessons of the European debt crisis, Polish leaders say, is that countries should not adopt the euro until their economies and labor markets are flexible enough to compensate for the loss of control over exchange rates."
The Polish zloty has fallen 18% against the Euro but has therefore helped Polish goods and isolated them from the European crisis.

1 comment:

  1. Good call on part of Poland for not changing its currency to Euro, this way, they could have a greater influence on their own currency, which enables them to wield their monetary policy.

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