Survey: Nearly 65% of Poles not in favor of adopting the euro

01/13/2023 / By Arsenio Toledo

A survey has found that nearly 65 percent of people in Poland are not in favor of adopting the euro as the country’s currency.

This survey was conducted by the Institute of Economic and Social Research for Polish radio station Radio ZET. It found that only 24.5 percent of Poles support the idea of replacing the country’s currency, the zloty, with the euro. Of these, 14.7 percent “strongly agree” with adopting the euro and 9.8 percent “rather agree.”

The largest group of respondents, 49 percent, “definitely disagree” with adopting the euro. Another 15.2 percent “rather disagree” with adopting the euro, and 11.3 percent said they were uncertain.

People who support the ruling conservative coalition, United Right, are the largest group of opponents of the euro, with 97 percent of them against changing the country’s currency.

Meanwhile, voters of the opposition are almost evenly divided. Forty-four percent of them are in favor of replacing the zloty with the euro, while 43 percent are against and the rest are uncertain. (Related: Poland’s liberals could start a CIVIL WAR if they regain power in 2023 election, warns conservative leader.)

Seventy percent of respondents who live in rural areas of Poland are against adopting the euro. Seventy-five percent of those living in small towns with 50,000 inhabitants or less are also against the move.

In larger cities with over 250,000 inhabitants, opinions are split, with 42 percent in favor of replacing the zloty and 48 percent against.

Adopting the euro could lead to spike in prices

Fortunately for Poland, it looks like the country’s current conservative government is unlikely to adopt the euro as the sole legal tender anytime soon. Polish Prime Minister Mateusz Morawiecki even argued recently that adopting the euro would immediately lead to a spike in prices and worsen the cost of living in Poland.

Croatia is the latest nation to enter the Eurozone – the group of nations that have adopted the euro as their legal tender. It immediately experienced a price surge following the abandonment of its old currency, the kuna. Critics of the move noted that large sections of the country were opposed to the move, but the Croatian government went on to adopt the euro.

“That chaos in prices in Croatia should serve as a warning for us,” said Morawiecki. He added that income levels in Poland need to approach the European Union (EU) average before the country can even start thinking of adopting the euro. Average monthly earnings in Poland are currently less than half the EU average.

Despite this, the leading party of the United Right coalition, Law and Justice, which Morawiecki is a part of, still has Poland joining the Eurozone as a central part of its platform for this year’s parliamentary election.

Both the EU and Germany, the bloc’s largest and most influential member, are also keen for Poland to join and have been pressuring the United Right to adopt it. The country’s main liberal opposition coalition, the Civic Coalition, is also supportive of euro adoption. If the opposition regains power following the election, it may agree to a referendum on adopting the euro.

Unless the referendum results are binding, euro adoption would require the approval of at least two-thirds of the lower house of Poland’s parliament.

Read more stories about currencies like the euro and the dollar at MoneySupply.news.

Watch this clip from “The Duran” as host Alex Christoforou discusses, among other things, Croatia entering the Eurozone and its consequences.

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