Why Czechs must put Euro on the back-burner

In an interview with the Financial Times, published Tuesday 3 April, the Czech central bank governor warned public finances need to be brought under control if the country wants to join the euro.

"In the past two years there has been quite a serious deterioration in public finances, especially prior to the last elections," Zdenek Tuma said.

"There was no significant reform on the expenditure side and the stabilisation of public finances was primarily because of higher revenues because the Czech

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