Czech President Warns Country May ‘Stay Behind’ Without Euro

Czech President Petr Pavel called for the country to adopt the euro as a way to help trade and avoid being left out of key decisions made by members of the currency union.

With the economy already deeply integrated with the euro area, the political and public opposition to the currency switch is “emotional and irrational,” he said in an interview with Bloomberg Television. He added the benefits of keeping the koruna and an independent monetary policy were limited.