Government had postponed the date from 2010 to give it more time to meet EU criteria for adopting the European common currency, including maintaining a budget deficit below 3% of gross domestic product. „The euro is a political project,” Finance Minister Miroslav Kalousek said on the margins of a meeting of EU ministers in Brussels, adding that he would push for the 2012 date to be firmly set in a strategy paper outlining the Czech Republic’s preparations for adopting the euro.
The Czech Republic is one of several large newcomers to the European Union — along with Poland and Hungary — that have yet to set a firm target date for adopting the euro. So far, the countries lining up to join the 13-nation euro zone are some of the EU’s smallest nations. (sbpost.ie, iht.com)
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