Pavel: If crown slows Czechia’s development, country must adopt euro

The Czech president, Petr Pavel, says that if Czechia continuing to not have the euro as its currency slowed its development, it would be time to drop the country’s attachment to the crown. Speaking at a conference in Prague entitled reVize, Mr. Pavel said if the country had the euro it would have more say in decision-making at EU level.

Czechia committed to adopting the common European currency when it joined the EU in 2004. However, there is no deadline for doing so and successive governments, including the current one, have not been minded to take that step.