Prime Minister Bohuslav Sobotka says the Czech Republic needs more time to prepare for euro adoption. Speaking at a press briefing in Prague Mr. Sobotka said it would be wrong to set a target date for euro adoption before the country improved its public financing and raised Czech living standards. We still have a deficit in public finances, a high unemployment rate in some regions and a big difference in average income when compared to countries such as Germany or Austria, the prime minister noted. The Sobotka government has repeatedly declared that it would not set a target date for euro adoption during its term in office.
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