Czech Republic might adopt the Euro

Last updated 09:00 24/01/2014

Relevant offers


US firms hold $2.1 trillion overseas to avoid taxes - study Is China's economy heading for a crash? From making scarves to building an US$165m tech start-up - Melanie Perkins In Hong Kong, a crowded restaurant, a death unnoticed and 'McRefugees' IMF cuts global growth forecasts again Thousands more Air France jobs could go Ex-UN General Assembly president, five others charged in US in bribe scheme The Islamic State economy: Where the poor starve and the tax man carries a whip Wall St jumps as investors eye rate hike delay, oil up No increased medicine costs under TPPA

The Czech Republic's incoming finance minister has raised the possibility that the country might adopt the euro, Europe's common currency.

Andrej Babis, a billionaire businessman who is expected to take the finance post when the new government is sworn in by the end of the month, said on Wednesday he has "no problem" with using the euro.

He gave no timeframe, however.

The previous center-right governments had no target date for adopting the euro, which the country had agreed to use once it's ready.

Babis, the leader of the centrist ANO (Yes) movement, has signed a deal with October's parliamentary election winner - the leftist Social Democrats - and the centrist Christian Democrats to form a center-left government.

EU countries using the euro are major trading partners for the Czechs.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content