Czechs not ready for euro adoption

The Czech Republic, unlike its Eastern neighbour Slovakia, is not ready to adopt the single European currency in the near future, according to a report issued by the European Commission on Wednesday. The country doesn’t meet the Maastricht criteria on exchange rate and currency stability. The European Commission on Wednesday gave Slovakia the green light for euro adoption, clearing the way for it to become the zones 16th member and the second country from Eastern Europe’s former communist bloc to join.

Author: Ruth Fraňková