Central Banking

Don't stall on euro decision: ex-CNB deputy

Ludek Niedermayer, a former deputy governor at the Czech National Bank, has warned the government against pursuing a wait-and-see strategy on joining the eurozone, describing such behaviour as "a little bit cowardly".

"To simply postpone the decision [on euro adoption] is not a safe bet. The continuation of the status quo - life with the floating koruna - can also have no small positive and negative effects. Hence the decision not to decide is equally serious," said the former deputy in an

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