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Greek ricochet? What drove Poles’ attitudes to the euro 2009-2010


  • Joanna Osińska

    () (Warsaw School of Economics and Ministry of Finance in Poland, Bureau of Government Plenipotentiary for Euro Adoption in Poland)

  • Andrzej Torój

    (Warsaw School of Economics and Ministry of Finance in Poland, Bureau of Government Plenipotentiary for Euro Adoption in Poland)


We investigate the determinants of support for the euro adoption in Poland by means of logit models, using two unique survey datasets collected in December 2009 and June 2010. Whereas the public support has generally declined over this period, probably against the background of sovereign debt crises in the euro area, this decline was concentrated along some dimensions. Well-informed respondents tend to be significantly more supportive of the common currency than badly-informed ones, both in 2009 and – even more so – in 2010. Political views influence the attitude towards the euro, but they are by no means its main determinant. During the crisis, the conviction of euro being a ‘strong, stable currency’ has faded; instead, a negative attitude started to result from low income, high age and low economic knowledge. In 2010 a more negative attitude was represented by students, white-collar workers and big city residents.

Suggested Citation

  • Joanna Osińska & Andrzej Torój, 2012. "Greek ricochet? What drove Poles’ attitudes to the euro 2009-2010," Bank i Kredyt, Narodowy Bank Polski, vol. 43(4), pages 29-84.
  • Handle: RePEc:nbp:nbpbik:v:43:y:2012:i:4:p:29-84

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    EMU; attitudes towards the euro; public opinion; ordered logit; unordered logit;

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions


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