National Bank governor says euro-adoption feasible in 2013-2015

The most likely time for euro adoption by the Czech Republic are the years 2013 to 2015, according to Czech National Bank governor Zdeněk Tůma. Speaking at an international round table on the current financial crisis, Mr. Tůma said that this time frame was economically feasible but that in the end it would be a political decision. The centre-right government promised to set a euro adoption date on November 1, 2009, but in view of recent developments it will not be in a position to make that decision. However governor Tůma said he was confident that any cabinet would logically resume the discussion about euro adoption in the autumn.