The Czech government will not set a date for adopting the euro, despite meeting the necessary economic criteria.
This was announced by Finance Minister Zbyněk Stanjura, citing recommendations from the Ministry of Finance and the Czech National Bank. According to Stanjura, the country fulfills the Maastricht criteria in the area of public finances, which theoretically allows for discussions on joining the eurozone. However, he emphasized that public support is a key factor.
Currently, only a quarter of the population supports adopting the euro. Until that number reaches at least 50%, there is no sense in giving up the koruna — a currency with a long-standing tradition, he stated.
The Czech Republic committed to adopting the euro when it joined the European Union in 2004. This commitment is supported by the current coalition government led by Prime Minister Petr Fiala, as well as by President Petr Pavel. However, there is no unified stance within the ruling coalition: part of Fiala’s Civic Democratic Party opposes joining the eurozone.
