The Euro in Poland? It’s Time for a Radical Shift in Perspective

Since the 2015 parliamentary elections, the ruling camp has been amending the law in a manner that, in sum, can be described as institutionalising economic and political populism. If the opposition does not win the 2023 elections, the Polish model of capitalism, severely weakened by politicisation, statism and monopolisation, will undergo a permanent and probably irreversible transformation, resulting in lower development dynamics and greater vulnerability to crises.

Notably, the decomposition of the existing capitalism model would then proceed under the continued influence of the delayed impact of the pandemic, the war in Ukraine and high inflation. In such circumstances, a renewed, stronger focus on the European integration process would be the best way to mitigate these risks. This is why it is becoming so important to advocate measures aimed at Poland joining the eurozone.