Czech Republic might adopt the Euro

Last updated 09:00 24/01/2014

Relevant offers

World

Simon Xie: Alibaba's unassuming lieutenant OceanaGold speeds up Didipio mine China's stock surge tipped to fizzle NZ firm named in huge European scam Ferrari boss quits leaving Fiat head in driving seat Big US banks pressured to shrink SAC manager jailed for US$275m illegal gain Hart lines up banks to sell off assets Dubai lays out plans for Legoland Searching for Europe growth, China clarity

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