Blow for EU as Czech’s REJECT eurozone entry: ‘Just 30% want it’

– Blow for EU as Czech’s REJECT eurozone entry: ‘Just 30% want it’:

THE Czech people have rejected joining the struggling euro with even the country’s president recognising that the people do not want to adopt the currency.

While financial experts say they country could sign up as the general conditions are right, leader Milos Zeman has said that the people are against the move.He said: “We have been fulfilling the Maastricht criteria, but there is a mental barrier to its adoption. A mere 30 per cent of Czechs are in favour of entering the eurozone.”

The governor of the Czech Republic’s central bank, Jiri Rusnok, has also said that the country is ready to adopt but added that it might be better to wait until wages and prices approached those of the bloc’s core members.

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H/t reader squodgy:

“The EU is not democratic.
As with Ireland, they will eventually be “encouraged” to adopt the euro.
Opinions of the people do NOT matter.”

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