Economic experts: euro adoption should not be ruled out, but caution advisable
The Czech Republic should not entirely abandon the idea of adopting the euro, although caution is highly advisable, according to the country’s leading economists. Those addressed by the CTK news agency agreed that the euro might benefit the country but only on condition that the euro zone undergoes fundamental fiscal reform and the drive to impose fiscal discipline proves successful. Although experts are divided on the outlooks for the euro zone, there is general agreement that until the situation clears up, it is better for the Czech Republic to keep its own currency. The Czech government has taken a cautious stand with regard to a possible loan to the IMF and has not set a target date for euro adoption.