Czech PM says Greek crisis may tighten euro adoption system

The Czech prime minister, Jan Fischer, says the financial crisis in Greece may lead to a tightening of the criteria for states adopting the common European currency. Mr Fischer made the comment in a lecture in Paris. He said the Maastricht criteria, which have up to now been used to determine whether a country can adopt the euro, will probably be supplemented by additional readiness tests. Mr Fischer also said the Greek crisis had strengthened the camp of those in the Czech Republic opposed to the country joining the eurozone.

Author: Ian Willoughby