Czech Republic and Hungary slow on preparations for adoption of euro

The Czech Republic and Hungary will be the only EU member states at the end of 2008 to have a state budget deficit higher than 3 percent of GDP. In this respect, a new European Commission report says, the two countries are the least prepared for the adoption of the euro. The Commission, which polices public finances in the EU, also includes the Czech Republic in a group of six countries with the most risky prospected public finance development.