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.

CZECH REPUBLIC: Euro Has Lost Luster Says Central Banker; Another Says Defending Euro At All Costs "Scares Him."

BLOOMBRG/   The Czech Republic's incoming central bank governor Miroslav Singer said joining the euro area has become less attractive because the currency's credibility has suffered during Europe’s sovereign-debt crisis. The nation MUST adopt the euro per its 2004 agreement to enter the European Union, but doesn’t have a target date for the currency switch. “The euro zone isn’t what it was or appeared to be just recently,” Singer said on the central bank’s website. “The euro zone’s credibility has suffered significantly during the crisis, and its attractiveness for the Czech Republic has decreased.”
Meanwhile central bank Vice Governor Mojmir Hampl said declarations that the euro “will be sustained at any cost, increases the cost of any steps needed at any given time to save it. There are many people from the Brussels elite declaring that this project will be sustained at any cost,” and that “scares me as an economist".