Polish president seeks law change for euro entry

WARSAW, Nov 12 (Reuters) - Poland's President Bronislaw Komorowski proposed a bill on Friday that would amend the constitution to allow the country to join the euro zone. Poland's constitution allows the head of state to propose legislation.

The proposal will now go to parliament, where it must be supported by two-thirds of lawmakers to take effect. "First and foremost, the changes (to the role of the National Bank of Poland) aim to free up the possibility of Poland's euro zone entry because (in the euro zone) the role of the central bank and the Monetary Policy Council changes," Komorowski said after he signed the bill. Some constitutionalists say Poland cannot enter the 17-strong euro bloc without first amending its constitution, which states that the National Bank of Poland is the only institution allowed to issue money. Poland's, the European Union's largest ex-communist economy, had originally aimed to join the euro zone in 2012 but the global financial crisis drove up its budget deficit and forced it to scrap the target date. The government has not set a new target but analysts and officials say 2015 is the earliest possible date that Poland can swap zlotys for euros. (Reporting by Kuba Jaworowski, editing by Sujata Rao) Keywords: POLAND EURO/ (jakub.jaworowski@thomsonreuters.com; Reuters Messaging: jakub.jaworowski.reuters.com@reuters.net; tel. + 48 22 653 97 23) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.