As tens of millions languish on the dole with EU austerity blamed for deepening recession, finance ministers will switch their focus Tuesday from bailout negotiations to the pursuit of a trillion-euro annual tax-fraud bounty.
Poland's finance minister said Friday it may take a dozen years for the EU member to be ready to adopt the euro, adding there was no big need to rush to join.
Luxembourg Finance Minister Luc Frieden said Monday that his government's apparent willingness to ease banking secrecy under pressure from international rivals was still under "reflection."
Talks with Eurogroup partners on conditions for resurrecting a Cyprus bailout to avert a looming banking system meltdown finally got under way after a delay of four hours on Sunday, two European Union sources said.
Fierce negotiations to resurrect a deal for the EU and the IMF to bail out Cyprus appeared to be bearing fruit early on Monday, President Nicos Anastasiades indicated on Twitter.
Poland is considering a referendum on joining the eurozone, a move analysts say is a way of staking a claim in the ongoing reform of the debt-laden currency union, while signalling a more realistic accession timeline.
Poles will have to okay eurozone entry in a referendum, a senior minister said, echoing the prime minister's recent endorsement of a public vote on joining the unpopular currency union.
Nearly two-thirds of Poland's citizens oppose joining the debt-laden eurozone, a decision the European Union member is to take after elections in 2015, according to a poll published on Tuesday.
As the EU raised the spectre of a eurozone exit for Cyprus, experts warned on Thursday of the consequences of brinksmanship from Brussels to Moscow in the race to fix new bailout terms.
The European Central Bank threatened Thursday to pull the plug on its emergency funding to Cyprus unless Nicosia can secure a bailout deal with international creditors by next week.