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That will strengthen the zloty further; it has risen against the euro.
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In Poland the zloty fell further, hurting many who took out home loans in foreign currencies.
And as the euro zone integrates, the longer Poland hangs on to the zloty the further it may drift from the policy-making core.
For a further 200,000 zloty payment, he appointed Hohenzollern George Frederick as administrator of Prussia and secured the latter's military support in the planned campaign against Russia.
As elsewhere in the region, part of the rush to qualify is to forestall a further drop in the zloty, which would make foreign-currency loans harder to pay off.
A sudden further weakening of the zloty, or sharply higher interest rates in Switzerland, are among the few potentially big risks to the banking system, says Pawel Uszko of SNL Financial, a business-intelligence firm.But SNL's underlying numbers show Poland's banks in good shape.
A weak French performance, with Poland also weak, will be exacerbated by current euro and zloty weakness, which is likely to exert further pressure on consensus pretax profit forecasts in our view.
The ensuing Danzig War of 1577 ended when Batory conceded further autonomous rights to the city in return for a payment of 200,000 zloty.
Companies are raising salaries – wages have more than doubled to an average of 32,446 zlotys (£5,731) a year since EU entry – which is prompting some investors to consider moving to cheaper countries further east.
From 310 zloty.
Doubles from 900 zloty.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com