Czech President Vaclav Klaus told the Cato Institute's 21st Monetary conference on Thursday 20 November that he was sceptical about the benefits of the euro as a single currency. He said much more economic flexibility is needed for transition countries, such as the eight Central and East European countries due to enter the EU in May 2004. Euro membership for the Czech Republic is, he said, "not for tomorrow or the next day."
At the Cato Institute's 21st Monetary conference Thursday,
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