Economy

Poland's national bank: too early for first stage of euro

Poland's national bank: too early for first stage of euroWarsaw - Poland's National Bank warned on Monday against moving closer to adopting the euro, saying that at present there were few economic reasons to enter the precursory stage for adopting the euro.

It was "highly uncertain" that Poland could meet the criteria to stay in ERM-2, a pre-cursor program to joining the eurozone, said the report, released on Monday.

A qualifying country is required to spend at least two years in ERM-2 and run a budget deficit at no more than 3 per cent of the GDP.

Obama: Congress approval of stimulus bill is major milestone

Obama: Congress approval of stimulus bill is major milestone Washington  - US President Barack Obama on Saturday thanked Congress for passing a 787-billion-dollar economic stimulus bill, which he called "a major milestone on our road to recovery."

In his weekly address he also warned that "this historic step won't be the end of what we do to turn our economy around, but the beginning."

ROUNDUP: House approves massive US stimulus package, Senate next

ROUNDUP: House approves massive US stimulus package, Senate nextWashington  - US President Barack Obama's economic recovery package was set to clear its final hurdles Friday as both houses of Congress voted on a nearly
790-billion-dollar compromise bill to help pull the United States out of recession.

The House of Representatives approved the stimulus package - the largest single spending proposal in US history - by a vote of 246-183 Friday afternoon. The Senate was expected to follow suit Friday evening.

1ST LEAD: House approves massive US stimulus package, Senate next

House approves massive US stimulus package, Senate nextWashington  - US President Barack Obama's economic recovery package was set to clear its final hurdles Friday as both houses of Congress voted on a nearly
790-billion-dollar compromise bill.

The House of Representatives approved the stimulus package - the largest single spending proposal in US history - by a vote of 246-183 Friday afternoon, with no support from the chamber's minority Republicans. The Senate was expected to follow suit Friday evening.

URGENT: House approves US stimulus bill

House approves US stimulus bill Washington  - The US House of Representatives app

Obama nears finish on stimulus - House, Senate votes expected

Obama nears finish on stimulus - House, Senate votes expected Washington  - US President Barack Obama's economic recovery package was expected to clear its final hurdles Friday as both houses of Congress prepared to vote on a 789-billion-dollar compromise bill.

Obama, addressing business leaders at the White House, called the stimulus package a "once-in-a-generation chance to act boldly and turn adversity into opportunity."

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