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The European debt crisis further decreased the Czech Republic's interest in joining the eurozone. [15] Nečas said that since the conditions governing the eurozone had significantly changed since their accession treaty was ratified, he believed that Czechs should be able to decide by a referendum whether to join the eurozone under the new terms. [16]
Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
The koruna is one of the European Union's eight currencies, and the Czech Republic is legally bound to adopt the euro in the future. The official name in Czech is koruna česká (plural koruny české, though the zero-suffixed genitive plural form korun českých is used on banknotes and coins of value 5 Kč or higher).
Czech Republic and the euro; 2003 Czech European Union membership referendum; 2004 European Parliament election in the Czech Republic; 2009 European Parliament election in the Czech Republic; 2009 Czech Presidency of the Council of the European Union; 2014 European Parliament election in the Czech Republic
The euro has dived to its lowest level against the dollar in 20 years, underlining the sense of foreboding in the 19 European countries that use it. A euro is worth less than a dollar for the ...
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
The Czech Republic emerged from the peaceful breakup of the old Czechoslovakia in 1993 -- but until now there hasn't been a standard one-word English name.
The Czech Republic also receives €24.2bn between 2014 and 2020 from the European Structural and Investment Funds, [60] [61] however, this sum does not outweigh the amount of capital outflow of profits of foreign owned firms from the Czech Republic into other EU members, at which the funds are aimed to compensate for.