The Euro Is Creeping Into a Very Euroskeptic Country
The Czech Republic has an aversion to joining the euro, but companies are slowly taking the country into the single currency anyway.
A sign outside a foreign currency exchange bureau in central Prague.
Photographer: Milan Jaros/BloombergThis article is for subscribers only.
The government has no policy to adopt it, the public doesn’t want it and the central bank is keen to keep control of interest rates.
The commitment to eventually switch to the euro was a key condition of joining the European Union. But after almost two decades, the Czech Republic — like all the largest post-communist members — isn’t anywhere close.