09 July 2010

CZECH REPUBLIC: New Chief Banker Wary Of Euro.

WSJ/          Miroslav Singer, the central bank governor appointed just last week, said great uncertainties in the euro zone must force postponement of  Czech adoption for the immediate future. "I don't even have a clue how long it will take to solve the problems of the euro zone," Singer said. "And until that happens, he said, "there are simply too many hypotheticals for me to speculate" on whether joining would help the Czech economy.
     Public support for the euro has declined since the Greek crisis. The Czech Chamber of Commerce found that in May just 20% of small and medium businesses supported adoption of the euro. In Poland, an April poll found support for the euro fell to 42% from 55% a year earlier.