Czech Republic Does Not Fulfill Maastricht Criteria

Politics ♦ Published: December 28, 2012; 00:34 ♦ (Vindobona)

At the moment, joining the eurozone is no issue for the Czech Republic. The stability criteria are still not fulfilled anyway.

Czech Republic Does Not Fulfill Maastricht Criteria / Picture: © Vindobona.org

Two weeks ago, the Czech Prime Minister Petr Necas explained that the Czech Republic does not strive for becoming a member of the Eurozone. Joining the Eurozone would not be recommendable at the moment as the economic and public debt crisis is still unsolved, he said.

The Czech National Bank (CNB) and the Ministry of Finance underline that the country is not ready for the common…