NBP urges faster spending cuts for euro in 2009

Poland should move ahead quicker with its spending-reduction plan to cut the budget deficit and allow the largest new European Union member to adopt the euro before 2009, deputy governor of the National Bank of Poland (NBP) Krzysztof Rybinski said.

"Poland should embark on its plan of nominal convergence and fiscal consolidation faster than it announced to benefit from being a euro-zone member even before 2009," said Rybinski at the press conference in Paris.

"We have a presidential government,