Czechia still not ready to move towards euro adoption

Photo: Štěpánka Budková, Radio Prague International

At a conference marking the 20th anniversary of Czech membership in the EU, the country’s top officials highlighted the numerous advantages of belonging to the alliance. One thing they were unable to agree on was the prospect of euro adoption.

While Czechia’s former sister state Slovakia adopted the euro in 2009, Czechs have been reluctant to relinquish their national currency: the crown. Past references to the country’s commitment to adopt the euro were made in a hazy manner, as something that was in the pipeline at some point in the future.

At the start of this year, the subject was raised by President Petr Pavel, who urged the government to act on this matter. On the 20th anniversary of Czech EU membership and with European elections looming, it was inevitable that the country’s top politicians should make their stand on this issue known and it revealed that, all in all, only two of the smaller parties in government are in favour of setting a time frame for euro adoption.

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Author: Daniela Lazarová, Sources:Český rozhlas,ČT24,ČTK