Czech support for euro below EU average

Analysis

Czech public support for the euro remains below the European Union average, with only half the country signaling it sees a benefit in joining the common currency, a survey showed Monday.

The Eurobarometer poll found 53% of Czechs supported the euro in spring 2008, the same as in the previous poll conducted in autumn 2007. EU-wide support for the euro was 60%. While neighboring Slovakia is joining the eurozone on January 1, the Czech government has abandoned the country’s 2010 target for making the switch. Central bank chief Zdenek Tuma has suggested that Czechs adopt the euro as late as 2019 in order to extend the perceived benefits of the strong koruna currency and an independent monetary policy. (m&c.com)

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