Czech euro adoption 2012 likely - fin min

The Czech Republic could realistically adopt the euro in 2012, the Finance Ministry announced Wednesday 21 February, according to Prague Daily Monitor.

In a separate statement, Deputy PM Alexandr Vondra said the country might join the eurozone in 2012 or 2013. "Euro adoption requires that we first implement reforms of pensions, social benefits, the labour market etc., steps which previous governments kept postponing," Vondra said.

A coordination group composed of government and central bank

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