CNB's Erbenova rules out 2010 euro date

Czech National Bank board member Michaela Erbenova told daily newspaper Dnes that the Czech Republic will not adopt the euro by its 2010 target date.

In comments to daily newspaper Dnes, Erbenova criticised delays to macroeconomic reforms, saying: "It is necessary to talk about the causes of the current situation rather than a new adoption date for the euro."

The old left-wing Social Democrat government's programme on which the 2010 target date was based "was not achieved", Erbenova said.

"It i

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