A. Schillerová: Euro’s adoption must be advantageous

26. 12. 2019

Czech Republic will set a date for the adoption of the euro when it can ensure that businesses and citizens can benefit economically from joining the euro area.

(ČIA) Czech Republic will set a date for the adoption of the euro when it can ensure that businesses and citizens can benefit economically from joining the euro area. This was stated by Minister of Finance Alena Schillerová (for ANO). Although the Czech Republic fulfils the formal Maastricht criteria, real and price convergence is not completed. While the economic level of the Czech Republic is 86% of the euro area average, the price level is 67% and the nominal wage level is 46%.