Euro adoption supported by only 15% of Czechs poll.

By bne IntelliNews March 4, 2011
Only 15% of the Czechs support the adoption of the single European currency, CTK newswire informed quoting the results of a poll of Medea Research. Some 77% of those polled were firmly against the euro introduction. According to Medea Research CEO Jan Matejka, the support for the euro adoption has been falling in the long-run, but the current low support reflected the scepticism among the local population amid the significant debt financing problems in some euro zone countries. We remind that in late-December 2010, the coalition government of PM Petr Necas decided not to set a euro adoption date for the time being, despite the fact that the country had already fulfiled some of the criteria for euro adoption like long-term interest rates and that for price stability. PM Necas has said that the country will adopt the euro only after it meets the Maastricht criteria and the European currency proves to be more advantageous than maintaining the Czech crown. Moreover, the euro introduction will be made only after the euro zone restores its stability and if the costs associated with the euro adoption are lower than the costs.

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