Benefits to adopting the euro, such as easier access to capital and foreign funding, are becoming “fiction,” Polish Finance Minister nominee Mateusz Szczurek said in an interview with Dziennik Gazeta Prawna.
Poland’s incoming Finance Minister Mateusz Szczurek said he’ll seek to use European Union funds to bolster a nascent recovery, signaling to investors that growth will remain a priority while the cabinet cuts the deficit.
The iShares MSCI Emerging Markets Index exchange-traded fund extended losses after Federal Reserve officials said they might trim stimulus in coming months. Hungary’s shares slid as the nation fined 11 banks.
Romanian Prime Minister Victor Ponta’s ruling coalition is set to take the first step toward ousting President Traian Basescu as the jockeying for power between the country’s rival political camps intensifies.