Czech Premier Calls for Specific Euro-Adoption Target Date

The Czech Republic should set a specific date for adopting the euro even though the country’s ruling coalition doesn’t have a consensus on the currency switch, Prime Minister Bohuslav Sobotka said on Wednesday.

Sobotka agreed with President Milos Zeman the ex-communist European Union member needs to “revive the discussion about euro adoption,” he told reporters after a meeting with the head of state at Prague Castle.

“It would be appropriate to set a concrete date for euro adoption,” Sobotka said, adding he “can imagine” entering Europe’s monetary union in 2020.

The prime minister is promoting euro adoption as beneficial for the Czech economy, although his government has refused to set a target date for the move. The Czechs are one of the EU nations most opposed to giving up their currency due to worry over the euro-area’s debt crisis and previous governments’ objections to transferring monetary policy to the European Central Bank.

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