2012 now target date for euro adoption, says Finance Minister Kalousek

The minister of finance, Miroslav Kalousek, has set 2012 as a new target date for the Czech Republic to adopt the euro. Mr Kalousek told Lidove noviny he would submit the plan to the cabinet next month. The previous Czech government last autumn abandoned a long-standing target of 2010. The finance minister said that date was unrealistic, given the country's public finance deficit.

Author: Ian Willoughby