CNB's Tuma suggests approaches to euro adoption

Zdenek Tuma, the governor of the Czech National Bank, has outlined two possible strategies for euro adoption.

Tuma said that if countries were looking to comply with the Maastricht criteria, necessary for euro adoption, they could either:

· adopt a short-term strategy, which would involve taking administrative measures and implementing reforms after adoption; or

· take a more long-term approach, introducing reforms and fulfilling conditions in a sustainable way.

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