https://sputnikglobe.com/20240207/why-do-some-eu-countries-still-use-national-currencies-and-not-euro-1116638588.html
Why Do Some EU Countries Still Use National Currencies and Not Euro?
Why Do Some EU Countries Still Use National Currencies and Not Euro?
In early January, Czech President Petr Pavel announced imminent “concrete” steps towards adopting the euro as his country’s new national currency to replace the koruna.
2024-02-07T10:38+0000
2024-02-07T10:38+0000
2024-02-07T10:38+0000
economy
czech republic
government
national currency
euro
inflation
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The Czech government plans to prepare assessments of legislative issues to enable the country to enter the pre-euro exchange rate mechanism, known as ERM-2, by October 2024, Prime Minister Petr Fiala has tweeted.The remarks came as four of the five ruling parties remain in favor of joining the Eurozone, while Fiala’s Civic Democrats, the dominant coalition member, opposes the move. The party demands that the government won’t take any steps toward the switch during its term that expires in 2025.The Czech Republic committed to introducing the single currency when it joined the EU in 2004, but according to a recent survey, 63% of the population are against the move.EU Countries That Don’t Use Euro Apart from the Czech Republic, six other EU members continue to use their national currencies rather than the euro:Inflation on IncreaseAnnual inflation in 20 Eurozone countries, meanwhile, increased to 2.9% in December, up from 2.4% in November, the European Statistical Office (Eurostat) said in a statement last month.In December, food, alcohol and tobacco were the biggest contributors to eurozone inflation, followed by services, non-energy industrial goods and energy.The highest annual inflation rate was recorded in Slovakia with 6.6%, while the lowest rates were reported in Belgium and Italy with 0.5% each, according to the statement.
https://sputnikglobe.com/20231028/eurozone-economy-forecast-facing-period-of-stagnation-amid-possibly-shrunk-gdp–1114548915.html
czech republic
2024
Oleg Burunov
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Oleg Burunov
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Oleg Burunov
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the czech government’s plan to assess scenario of the country entering eurozone, countries that don’t use euro, inflation in eurozone
the czech government’s plan to assess scenario of the country entering eurozone, countries that don’t use euro, inflation in eurozone
Two decades since joining the EU, the Czech Republic still uses its national currency, the koruna, rather than the euro. The government, however, has announced that it is ready to discuss details about the possibility of the country shifting to the EU’s monetary unit.
The Czech government plans to prepare assessments of legislative issues to enable the country to enter the pre-euro exchange rate mechanism, known as ERM-2, by October 2024, Prime Minister Petr Fiala has tweeted.
The Czech Republic committed to introducing the single currency when it joined the EU in 2004, but according to a recent survey, 63% of the population are against the move.
EU Countries That Don’t Use Euro
Apart from the Czech Republic, six other EU members continue to use their national currencies rather than the euro:
28 October 2023, 12:13 GMT
In December, food, alcohol and tobacco were the biggest contributors to eurozone inflation, followed by services, non-energy industrial goods and energy.
The highest annual inflation rate was recorded in Slovakia with 6.6%, while the lowest rates were reported in Belgium and Italy with 0.5% each, according to the statement.
