Czech President backs country's transition to euro currency
President of Czechia, Petr Pavel (Photo: Getty Images)
Czech President Petr Pavel advocated for his country's transition to the euro, considering such a step the "logical future" for Czechia, according to Novinky.cz.
According to him, Czechia needs to take specific steps to allow the country to enter the Eurozone.
"The time has come, after many years, to start taking concrete steps that will lead us to fulfill this commitment. Despite endless discussions about the advantages and disadvantages of the euro, for a country with an open and export-oriented economy located in the heart of Europe, a common currency is a logical future," added the head of Czechia.
Transition of Czechia to the euro
It's worth noting that Czechia is one of seven EU member states that do not use the euro as their national currency.
The country pledged to enter the Eurozone in 2004 when it became an EU member.
Last year, Czech Prime Minister Petr Fiala stated that the country would not adopt the euro during his government. He considered such a step "unrealistic" at the moment.
