The Czech Republic reluctant to introduce the euro

The euro is strong, but the Czech crown is even stronger. For years now the Czech currency has been hitting record highs. "Yet the Cabinet still hesitates to take the logical step of facilitating the access of Czech companies to the international market by converting to the common European currency," Petr Fischer notes. The government led by the Civic Democratic Party (ODS) has yet to fix a target date for its accession to the monetary union. "But why? After all, we're talking about those advantages of a single market that the ODS cherished even at those times when Eurosceptism was most intense. But for conservative EU critics the common currency represents more than just a common market. It's proof that Europe can be more deeply and permanently united than through traditional cooperation between individual nation states. The strongest governing party is struggling to avoid this because to a certain extent it would represent the failure of its own ideology."

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