Czech Republic holds off euro entry


The Czech Republic is likely not to join the European single currency at any time in the next three years after its government said it does not plan to enter Exchange Rate Mechanism (ERM) II in 2012, a precondition for euro entry.

On Thursday, the Czech National Bank (CNB) and the Czech Ministry of Finance issued a recommendation for the government not to set a target date for adopting the euro and not to attempt to enter ERM II next year. The government has since agreed to adopt the

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