PM Necas says Czech opt-out from euro adoption highly unlikely.

By bne IntelliNews November 29, 2010
Prime Minister, Petr Necas said the Czech Republic will find it had to negotiate an opt-out from entry into the 16-nation eurozone, CTK newswire reported. President Vaclav Klaus and the Czech National Bank have called on the government to negotiate a Czech opt-out from euro adoption, similar to that of Denmark and the UK. This will allow the country to keep its koruna currency even if it met all conditions for euro adoption and despite a pledge by Prague to join the eurozone when it entered the European Union in 2004. We underline that the Lisbon Treaty is likely to be opened to certain but only limited amendments upon demands of Germany and France in order to improve and enhance economic governance in the EU. No deadline was however set for the adoption of the common European currency, Necas said.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss