Next Czech government will not adopt euro, says Zbyněk Stanjura​

Zbyněk Stanjura, tipped to be the finance minister in the Czech Republic's new centre-right coalition said on Tuesday that the next Czech government will not adopt the euro, Reuters reports.

Although the five parties forming coalition are generally in favour of the eventual adoption of the euro, it has not been high on their agenda for the next four-year term.

"We have to put our public finance in order, so even if someone wanted (the euro), we don't have a shot at entering now, because we don't meet the criteria," Stanjura said.

The Czech fiscal gap is seen by the ministry at 7.7% of gross domestic product this year, more than double the 3% prescribed for a country to join the euro zone.

"It is our long-time position that we should adopt the euro only when it is favourable for the Czech Republic, which has not been the case so far," Stanjura told reporters at a televised briefing.

The coalition aims to have the government agenda and ministerial jobs distribution settled by November 8th when the newly elected lower house of parliament meets for the first time.

Stanjura's ODS, the strongest member of the likely coalition, is also the most reserved towards the euro in the bloc that won a majority in the October 8-9th election, set to replace the current government of Prime Minister Andrej Babis.

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