Czech government fails to agree on Euro adoption coordinator, delaying currency switch plans.

The Czech government has failed to agree on appointing a national coordinator for adopting the Euro, despite support from Deputy Prime Minister Vit Rakusan's party. The cabinet discussed an analysis on the benefits and risks of entering the European Exchange Rate Mechanism (ERM II), a preparatory phase for euro adoption. The finance minister suggests the decision to join the eurozone should be made early in the next government's term, with the country needing at least two years in ERM II before adopting the Euro.

November 27, 2024
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