independent

Thursday 17 April 2014

Czechs hinting at switch to euro

The incoming finance minister in Prague is hinting that the Czech Republic will switch to the euro.

The Czech Republic's incoming finance minister has raised the possibility that the country might adopt the euro, Europe's common currency.

Andrej Babis, a billionaire businessman who is expected to take the finance post when the new government is sworn in by the end of the month, said today he has "no problem" with using the euro.

He gave no time frame, however.

The previous centre-right governments had no target date for adopting the euro, which the country had agreed to use once it is ready.

Mr Babis, the leader of the centrist Ano (Yes) movement, has signed a deal with October's parliamentary election winner - the leftist Social Democrats - and the centrist Christian Democrats to form a centre-left government.

EU countries using the euro are major trading partners for the Czechs.

AP

Press Association

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