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CR: Central Bank chief suggests 2019 for euro entry

The Czech Central Bank chief Zdenek Tuma has suggested 2019 as the earliest date for the Czech Republic to enter the euro zone, it was reported Thursday.

In an interview published in the Czech economic magazine Ekonom, Tuma said: “Though the year 2019 is hardly around the corner, I can’t foresee any earlier attractive date.” The Czech government in autumn had proposed exchanging the Czech koruny for the euro in 2012. A new date has not been named since then. “By (2019) the economy would be in a position to face all problems and profit from euro entry,” Tuma said. Czech Prime Minister Mirek Topolanek has repeatedly referred to the lack of reform on health and pension systems as a great impediment to euro entry. (m&c.com)