Balcerowicz says Polish euro entry may be delayed

Poland's national bank President Leszek Balcerowicz said the country may not be ready to adopt the euro by 2007 because the government has failed to cut spending.

Balcerowicz, who in January described swapping the zloty for the common currency in three years as ``a desired strategy,'' said he can't predict when Poland will meet EU terms.

``I cannot say whether we will enter at that date or later, given the uncertainty with respect to the fiscal situation,'' the 57-year-old central banker said

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