The authors of the report pointed out that in 2011, support for the euro among entrepreneurs was very high – 85%. respondents declared their willingness to join the euro zone. However, in the following years there was a systematic decline in this percentage: to 42%. in 2016 A short period of rebuilding support for the euro was visible in 2017-2019when the percentage of supporters of the euro increased to 74%. The publication noted that it was a moment of good economic situation and stability in the euro zone.
“However, this trend was reversed with subsequent crises. In 2020, during the pandemic, support fell to 42%, and in 2021-2022 it remained at a low level of 36-38%. 2023 brought another, although moderate, rebound – to 54%, which could be the result of high inflation and growing exchange rate volatility. In 2024, however, support dropped to 48 percent, in 2025 to 39 percent, a has now reached the lowest level in the entire history of the survey – just 23%.“- we read.
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Among medium-sized companies (50-249 employees) 21 percent respondents support Poland's adoption of the euro, while 67 percent is against it. A year ago, these proportions were 35%. compared to 55 percent For large companies (at least 249 employees) 33% are in favor of adopting the euro. respondents, and 60 percent is against. A year ago, 53% supported the EU currency and 33% were against it.
“These are the research results may surprise Euro-enthusiasts, but I interpret it as a sober judgment of economic reality. While hypothetical accession to the common currency two decades ago, shortly after we joined the European Union itself, would have meant “importing credibility”, thanks to joining the group of countries with still good macroeconomic metrics – and thanks to this, among others, lower interest rates and higher investments in the economy – today, when the vast majority of euro zone countries are in debt well above the criteria that these countries themselves set at the beginning, the macroeconomic benefits of adopting the euro would be questionable,” emphasized Marcin Mrowiec, chief economist at Grant Thornton, quoted in the report.
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The publication emphasized that The stable zloty draws entrepreneurs' attention away from the euro. It was noted that in 2025, the average monthly volatility of the EUR/PLN exchange rate decreased to 4.8%. — one of the lowest levels in history. “It is therefore not surprising that the willingness of entrepreneurs to adopt the euro in Poland also slightly decreased at that time. The stable exchange rate of the zloty to the EU currency means that, to some extent, we 'already have the euro' in Poland,” added the authors of the study.
Poles are reluctant towards the euro
The survey also showed that, according to 4 percent respondents, Poland could adopt the euro already in 2027-2028, and another 14 percent indicated the years 2029-2031. The most frequently mentioned scenario is the failure to adopt the euro at all — 34% expressed this opinion. respondents. Additionally 15 percent respondents expect it only after 2036. In turn, 20 percent said it was “difficult to say”.
The report noted that Having a country have its own currency has many advantages economic, e.g. it may conduct its own monetary policy or may benefit from the natural mechanism of absorbing economic shocks. In the event of a shock, the local currency exchange rate weakens, which increases the competitiveness of exporters.
“However, being outside the euro zone also has its disadvantages. One of the biggest is the exchange rate risk. The volatility of the Polish zloty against the EU currency means that companies exporting or importing (i.e. most medium-sized and large companies) either accept the unpredictability of their income or have to bear the cost of securing their contracts against exchange rate risk by using financial instruments that eliminate this risk,” they added.
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The study was conducted in November 2025 on a sample of 100 owners and management board members of medium and large enterprises. Grant Thornton is an audit and advisory organization. It was established in 1904 and is present in 147 countries. It has been operating in Poland since 1993, where it employs over 1,000. people.
