Czech Republic Can Still Opt Out of Joining Euro, Premier Says
This article is for subscribers only.
The Czech Republic can still in practice opt out of joining the euro and shouldn’t hurry in making a decision on adopting the single currency, Prime Minister Petr Necas said.
The country doesn’t have a target date for euro membership, though it’s among the former communist states that had committed to the switch as part of their accession treaties with the European Union. The Czechs need to meet the euro-entry conditions, including cutting the budget deficit by half to a maximum of 3 percent of gross domestic product.