“A Prelude to Introducing the Euro in Poland.” Sasin Critical of the EU SAFE Loan

“The point is that by taking SAFE we would bind ourselves more tightly to the European Union’s financial system – meaning that it would be a prelude to introducing the euro in Poland,” assessed former Minister of State Assets Jacek Sasin while commenting on the government’s pressure to take the EU loan for armaments.

The head of the Chancellery of the President, Zbigniew Bogucki, announced that on behalf of President Karol Nawrocki he had invited Prime Minister Donald Tusk, Deputy Prime Minister and Minister of National Defence Władysław Kosiniak-Kamysz, and President of the National Bank of Poland Adam Glapiński to a meeting next Tuesday at 3:00 p.m.

The meeting is expected to focus on the proposal presented on Wednesday by the president and the head of the central bank for the “SEJF 0 percent” program – an effective alternative to the EU SAFE program.

Speaking on Polsat News, former Minister of State Assets Jacek Sasin said it was good that the talks were taking place. “The prime minister will learn everything then and we will see how much those declarations from Prime Minister Tusk and the entire government are worth, saying that the only goal is for the Polish army to receive an injection of funds for purchases. And whether in fact something else is not at stake,” he stated.

“Because when I hear Prime Minister Tusk today saying: ‘SAFE 0% – okay, good, but only on the condition that it comes together with the EU SAFE. And if there is no EU SAFE, then the 0% will not happen either,’ it is clear that the point is not to provide money for armaments, but rather to bind ourselves more strongly to the European Union’s financial system by taking the EU SAFE – which means that this is a prelude to introducing the euro in Poland. […] Because this is a loan in euros,” he said.

He added that “today we are aware […] of the risks of exchange rate fluctuations and how costly changes or increases in the euro exchange rate could be for us.”

“So this is the simplest path to later say that we will avoid this if we introduce the euro in Poland,” he argued.

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