Czech Republic Resists Official Euro Adoption Despite Growing Business Use
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The Czech Republic has still not adopted the euro despite joining the EU nearly 20 years ago and agreeing to eventually switch currencies.
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The government, public, and central bank are all resistant to adopting the euro currently.
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However, businesses are increasingly using euros for loans, trade, and payments to sidestep currency volatility.
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Executives argue adopting the euro would reduce risks and costs despite public skepticism, but politicians avoid the issue.
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With exporters shifting to euros, voluntary "euroization" is happening even without official currency change.