Media: Czech government continues to argue over the country's transition to the euro zone
Kyiv • UNN
The Czech Republic has fulfilled the requirements for joining the eurozone in 2024, but the Ministry of Finance does not recommend it. Other government ministers are ready to challenge this recommendation.
The Czech Republic can fulfill all the necessary requirements to join the eurozone in 2024. The Ministry of Finance recommends not to do so, and other ministries are ready to appeal this decision. This was reported by the Hospodářské noviny newspaper, UNN reports.
Details
The Ministry of of Finance of the Czech Republic in its report on the annual assessment of the country's readiness to join the the Eurozone, which is available to the Czech media, recommended that the government not set a deadline for joining the eurozone. And also "not to even try to join the European Exchange Rate Mechanism (ERM II)," which is a prerequisite for the transition to the euro.
It is specified that The Ministry of Finance is headed by a representative of the conservative ODS party, Zbynek Stanyura, and he is the only opponent of the euro in the Czech government. All the other coalition parties are in favor of the euro. A number of ministers criticized the contradictions between the Ministry of Finance's analysis and its recommendations, as the Czech economy is ready to switch to the euro, and the risks of this transition are low. According to the newspaper, a number of ministers from the coalition government are challenging the report in this way in interministerial procedures.
From the analysis presented here, it follows that the analysis presented above shows that the Czech economy is ready for the transition to the euro, and the risks are low
The Czech government will vote on the report of the Ministry of Finance in December.
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