Monday

27th Mar 2017

Euro currency unpopular in Czech Republic

More Czech people oppose the introduction of the euro to their country than support it, according to a fresh survey.

A poll conducted by the Median agency revealed on Tuesday (12 September) that almost four out of 10 Czechs oppose the adoption of the EU's common currency, according to AFP.

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

  • Prague: the new centre-right cabinet is less keen on introducing the euro (Photo: European Commission)

Around 38 percent of people surveyed said they are broadly against their country joining the 12-member eurozone, while 29 percent responded in favour of the idea.

Divergences between those taking clear stances on the issue are even sharper, with the percentage of those clearly against euro adoption (15%) lying almost twice as high as the percentage of clear supporters (8%).

Meanwhile, almost a third of the 7,425 Czechs quizzed in the poll said they had no opinion on the issue or did not want to give any.

The new centre-right Czech government, led by prime minister Mirek Topolanek, is more critical of the EU than the previous social democrat coalition.

Mr Topolanek's cabinet was sworn in on 4 September after months of bickering on the formation of a government, with June elections producing an exactly equal split between left and right in the Czech parliament.

AFP writes that the country's new finance minister Vlastimil Tlusty on Monday ruled out that his country will next year join the so-called ERM II (Exchange Rate Mechanism II) – an intermediate step before eventual eurozone membership.

ERM II entry in 2007 would allow the adoption of the euro in 2010 – a goal set by the previous centre-left government.

SMEs lack support in EU financial plan

The European Commission's plan for a capital markets union is said to be aimed at small and medium-sized enterprises, but many could end up being left out in the cold.

Eurozone chief in 'drinks and women' row

[Updated] The Netherlands' Jeroen Dijsselbloem faces calls for resignation after saying that crisis-hit countries in southern Europe spent "money on drinks and women" before being helped by others.

Greek bailout talks to 'intensify'

Greece and its creditors will meet in Brussels later this week to unblock negotiations needed for a new tranche of financial aid, amid concerns over the country's economic situation.

Varoufakis back in push for ECB transparency

The former Greek finance minister Yanis Varoufakis and German left-wing MEP Fabio De Masi want to know whether the European Central Bank overstepped its powers when putting capital controls on Greek banks in 2015.

Stolen Russian billions ended up in EU states

Illicit money flowing out of Russia ended up in almost every single EU state, an investigation has found, posing questions on the integrity of Europe’s banking systems.

Stakeholders' Highlights

  1. European Gaming & Betting Association60 Years Rome Treaty – 60 Years Building an Internal Market
  2. Malta EU 2017New EU Rules to Prevent Terrorism and Give More Rights to Victims Approved
  3. European Jewish Congress"Extremists Still Have Ability and Motivation to Murder in Europe" Says EJC President
  4. European Gaming & Betting AssociationAudiovisual Media Services Directive to Exclude Minors from Gambling Ads
  5. ILGA-EuropeTime for a Reality Check on International Day for the Elimination of Racial Discrimination
  6. UNICEFHuman Cost to Refugee and Migrant Children Mounts Up One Year After EU-Turkey Deal
  7. Malta EU 2017Council Adopts New Rules to Improve Safety of Medical Devices
  8. Nordic Council of MinistersNordic Energy Research: How to Reach 100 Percent Renewable Energy
  9. Party of European SocialistsWe Must Renew Europe for All Europeans
  10. MEP Tomáš ZdechovskýThe European Commission Has Failed in Its Fight Against Food Waste
  11. ILGA-EuropeEP Recognises Discrimination Faced by Trans & Intersex People
  12. Nordic Council of Ministers25 Nordic Bioeconomy Cases for Sustainable Change