Euro Adoption To Remain On Ice

February 2011
Emerging Europe Monitor: Central Europe & Baltic States;Feb2011, Vol. 18 Issue 2, p6
Country Report
The article reports that the Czech Republic declared its hesitation from joining the euro zone. According to Prime Minister Petr Necas, no definite time is mentioned on when they will join due to the currency crisis surrounding the euro zone. It says that President Vaclav Klaus even expresses his reservations from joining the euro when he did not sign the Lisbon Treaty in 2009. Furthermore, the country remains in tact to its decision on not joining to be free from monetary and fiscal policies.


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