Czechs drop plan to adopt euro in 2010

The Czech government has dropped plans to adopt the euro in 2010, noting an outlook for widening budget deficits and rising inflation.

The cabinet, which set no new date, said it wants to design a new euro-adoption strategy by July next year.

``The Czech Republic can return to the date of euro adoption as soon as it starts reforms, which will eliminate these factors with no doubts,'' Finance Minister Vlastimil Tlusty said, referring to prospects for government budget deficits and price growth.

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