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.

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