Jiří Rusnok appointed to central bank board

President Miloš Zeman named former caretaker prime minister Jiří Rusnok a member of the board of the Czech National Bank on Wednesday. Zeman said that Rusnok had the economic and political background to help the Czech Republic decide when and under what conditions to adopt the single currency euro. Mr. Rusnok, an economist, was previously minister of finance and minister of industry and trade in Social Democrat dominated governments. His arrival is expected to dent the distinct euro sceptic composition of the Czech central bank as a result of appointments made by former president Václav Klaus. Rusnok is being tipped in some circles as a possible successor to the current governor of the Czech National Bank, Miroslav Singer, when he steps down in 2016.

Author: Chris Johnstone