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.