Cabinet decides no moves to adopt euro in 2016

The Czech government on Monday decided that no move would be made in 2016 to dump the Czech crown and adopt the euro. The Czech Republic currently meets nearly all the criteria for joining the euro zone apart from a minimum two year term in the ERM-2, in which the Czech crown would have a limited range to move against the euro. Monday’s decision still means that the earliest date for Czech adoption of the euro remains 2020.

Author: Chris Johnstone