Bloomberg News

Czech Central Bank Recommends Not to Set Euro Adoption Target

December 15, 2011

Dec. 15 (Bloomberg) -- The Czech central bank and the Finance Ministry jointly recommended that the government hold off on setting a target date for adopting the euro for now, the bank said today in a statement on its website.

Prime Minister Petr Necas has repeatedly said his Cabinet won’t set a target for joining the euro region. The bank and the ministry also recommended the government not try to join the exchange-rate mechanism ERM2 next year, the Prague-based Ceska Narodni Banka said in the statement.

--Editor: Alan Crosby

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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