Ceska Sporitelna bank predicts adoption of Euro as late as 2013

The Ceska Sporitelna bank has issued a report which foresees the country will not be able to adopt the Euro before 2013. It furthermore expects a rate of 25,50 crowns to the euro; the current rate stands at a little under 30 crowns. The Czech government has been working with a plan that sees the adoption of the single European currency three years earlier, by 2010 at the latest. The bank report also says Slovakia is the only member of the Visegrad Group, which also includes Poland, Hungary, and the Czech Republic, whose planned date - 2009 - is realistic.