The governor of the Czech Republic’s central bank says the country is generally ready to adopt the euro, the common European currency.
Jiri Rusnok says his country “would certainly succeed” in adopting the euro. But in an interview with the local CTK news agency Wednesday, Rusnok said it would be first necessary to lower the differences in prices and wages between his country and the eurozone.
The country is officially committed to joining the euro but no target date has been set.
The possible next prime minister, Andrej Babis, whose centrist ANO movement is favored to win October’s parliamentary election, recently said he is opposed to setting a date.
Prime Minister Bohuslav Sobotka of the leftist Social Democrats recently said the election is the right time to debate the euro adoption.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.