Czech Premier Says to Resist Exporter Calls for Euro
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Czech Prime Minister Petr Necas, in office for less than a month, said his government won’t commit to a target date for joining the euro, resisting pressure from exporters whose sales are being crimped by the rising koruna.
Necas, 45, said the country will benefit from a flexible exchange rate as consumer prices converge with those in richer European Union states, and rapid euro adoption risks fueling inflation. The koruna has gained 3.7 percent against the euro this month, the most among 177 currencies tracked by Bloomberg.