Polish FinMin warns of euro collapse

“European elites must decide whether they want the euro to survive – even at a high price – or not,” Finance Minister Jacek Rostowski told Monday’s Gazeta Wyborcza daily.

According to Rostowski, there should be a lot more macroeconomic integration in the Eurozone, or it may disintegrate.

However, while Minister Rostowski alarms that the collapse of the Eurozone would be “disastrous” for Poland, he says that if Europe’s leaders nevertheless choose the latter option, then considerable preparations should be undertaken to dissolve the monetary area.

In the interview, Jacek Rostowski champions European integration, and laments the fact that European countries are not mutually co-operating as much as they could.

“Eurozone countries have serious problems with active collaboration,” he says, adding that “it is not that they are not doing anything, but as Europe we are doing too little.” (jb)