Vice-Governor Of Central Bank Urges Euro Caution

April 2005
Emerging Europe Monitor: Central Europe & Baltic States;Apr2005, Vol. 12 Issue 4, p6
Country Report
Country Report
The article reports that the Czech Republic's new central bank vice-governor, Miroslav Singer, has urged that the country remain outside the eurozone until the benefits of joining become more apparent. The new vice-governor's views are in sharp relief to those of his predecessor, who advocated a quick adoption of the single currency. Singer's more cautious approach suggests that, post-European Union entry, there may be a greater willingness on the part of the Czech authorities to express any reservations they may hold regarding euro entry, particularly as the economic costs of an ill-timed adoption of the currency could potentially be very high.


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