Czech PM: no rush to join eurozone

Czech Prime Minister Petr Nečas has said the Czech government will not set a target for euro adoption. Speaking after Friday’s meeting of the Višegrad group in Prague, Mr. Nečas said the latest developments in the eurozone indicated a shift from a monetary alliance to a debt union, which did not invite further expansion. The eurozone’s debt crisis was one of the main issues on the agenda of a meeting of heads of government of the Czech Republic, Hungary, Poland and Slovakia in Prague. Slovakia alone was represented by its ambassador after the collapse of the country’s government earlier this week over its failure to approve the expansion of the Eurozone rescue fund.