World Economy

Czech Ready for Euro

Czech Ready for EuroCzech Ready for Euro

The Czech economy is now prepared to adopt the euro and would have no significant problem in joining the single currency market, according to the governor of the Czech National Bank, Jiri Rusnok, Radio Prague reported. He noted however that there were still huge disparities in prices and salaries between the Czech Republic and members of the eurozone which should be bridged before the country made the move. He said that, barring unexpected circumstances, this could be achieved within five years. Czech governments have so far refrained from setting a time frame for euro adoption, and Andrej Babis, whose ANO party is widely expected to win the autumn general elections, has said he is against the country joining the single currency.


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