Government approves euro adoption but does not set date

The government on Wednesday approved a "national plan" to adopt the euro, Prime Minister Mirek Topolanek told reporters. However, the document does not set a concrete date for the introduction of the common European currency. The prime minister said it made no sense to discuss a date until a package of reforms outlined last week is approved by parliament. Previously the Czech Finance Ministry has given 2012 as a realistic date for euro adoption.

Author: Ian Willoughby