Public finances 'an obstacle' to Czech euro bid

The current state of the Czech Republic's finances is an obstacle to the country switching to the euro, a top official at the Czech central bank (CNB) said in an interview published Friday 2 March.

Speaking in finance daily Hospodarske Noviny, CNB board member Vladimir Tomsik said a calendar for economic reform should be drawn up before a date is set for the Czech Republic to join the euro zone.

"Specifically, we need reforms to boost the effectiveness and competitiveness of the Czech economy,

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