WARSAW, Poland ? The outgoing head of the European Central Bank insisted that the euro currency has proven "a great success" despite the debt problems gripping some members of the eurozone.
Echoing his optimism about the future of the common currency, the head of Poland's central bank said Friday that his country remains "strongly committed" to adopting the euro currency ? though he said it wouldn't be wise to set a specific target date yet.
Both ECB president Jean-Claude Trichet and Poland's central bank head Marek Belka spoke at a conference organized by the National Bank of Poland.
"The euro as a currency is a great success indeed," Trichet said in a speech.
He said it remains a credible currency because "it is backed by remarkable fundamentals."
Belka said it was impossible to ignore the debt crisis gripping the eurozone. However, he said "Poland remains strongly committed to join the euro area."
Though Belka said "it wouldn't be wise to determine a specific date," he stressed Poland must still prepare itself for the eventual change.
Trichet is retiring, with Bank of Italy chief Mario Draghi becoming the new head of the European Central Bank on Nov. 1.
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