Zeman: Entry in Eurozone Delayed

People ♦ Published: February 19, 2014; 13:42 ♦ (Vindobona)

In a speech to the Lower House ahead of the vote in confidence for the new government Czech President Milos Zeman expressed his dissatisfaction over the latest monetary intervention by the Czech National Bank (CNB).

Zeman: Entry in Eurozone Delayed / Picture: © Wikipedia / David Sedlecký

"I would like to express my strong dissatisfaction with the Czech National Bank's interventions which artificially pushed the rate beyond its real market value and slowed down our entry in the euro zone, be it an intention or not," Zeman said ahead of the vote in confidence for the new Czech government. Already in November last year, after the CNB pushed through with the interventions…

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