Disinfo: Poland will lose its economic power like Italy if it adopts euro

Summary

Poland should not adopt euro. It will follow the destiny of the Southern European countries. The de-industrialisation processes hit the Southern European countries as soon as they adopted euro. They lost their competitiveness to Germany. Italy, once a powerful industrial country, lost its power.

Disproof

Recurring pro-Kremlin narrative demonising the EU, the Eurozone and claiming that euro is responsible for the economic downfall of many European countries. Read a recent similar case here.

The Eurozone shows a GDP growth of 2.4% as of 2017 according to the World Bank and a real GDP growth of 1.3% in accordance with IMF data. In April 2019, the International Monetary Fund indicates the real GDP growth of the countries who have recently adopted euro the following way: 3.2 % for Estonia, 3.3% for Latvia, 2.9% for Lithuania and 4.1% for Slovakia. Eurostat data also reveals predominately stable GDP growth in Estonia, Latvia, Lithuania and Slovakia since the last global crisis of 2008.

Poland has been a champion in the economic growth in Europe and benefited a lot from its membership in the EU in recent years. These two factors form a positive forecast for is future as a part of the European Union and also the Eurozone.

The reasons for the economic problems listed by the IMF in their recent report show no connection with the euro adoption in Italy.

publication/media

  • Reported in: Issue 146
  • DATE OF PUBLICATION: 04/04/2019
  • Language/target audience: Polish
  • Country: Italy, Germany, Poland
  • Keywords: euro, Euro-scepticism, economy, EU disintegration
  • Outlet: Sputnik Polska
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The adoption of the euro drastically harmed the Italian economy

The economic problems in Europe are gradually more noticeable. 20 years after the adoption of euro not all the European counties benefited from the common currency and Italy has been affected in the most negative way. Before the adoption of euro Italy did not have 5 million people below the poverty line, companies were not shut down and the young people did not have to move abroad. The responsibility for that lies on the European Union.

Disproof

Recurring pro-Kremlin narrative demonising the EU, the Eurozone and claiming that euro is responsible for the economic downfall of many European countries. Read a recent similar case here.

The Eurozone demonstrates the GDP growth of 2.4% as of 2017 according to the World Bank and the real GDP growth of 1.3% in accordance with IMF data.

Kosovo’s independence is an illusion

Kosovo’s independence, declared in February 2008 but only recognised by the US and its allies, was an illusion.

Disproof

Pro-Kremlin disinformation about countries controlled by the West and their statehood.

There was a civil war in Kosovo, with thousands of casualties and hundreds of thousands of refugees, and which Western countries stopped.  Negotiations on Kosovo's status lasted 10 years. In 2008 the EU Council stressed that in view of the conflict of the 1990s and the extended period of international administration under Security Council Resolution 1244, Kosovo constituted a sui generis case.

NATO bombed Yugoslavia because it wanted to be present in the Balkans

NATO bombed Yugoslavia 20 years ago because it wanted to gain a foothold in the Balkans. It wanted the Bondsteel military base.

Disproof

Disinformation narrative consistent with recurring pro-Kremlin disinformation about NATO aggression.

NATO's military intervention was not intended for a military presence or control in the Balkans, but to ensure that "all the countries of south-eastern Europe can enjoy peace and security".