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Central bank urges postponing euro entry

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A fragile recovery in the eurozone and fiscal uncertainty at home means EU member Czech Republic should hold off setting a date for joining the euro, the central bank and finance ministry said Monday. “The Czech Republic’s readiness to join the euro has improved over past years,” the central bank ČNB and finance ministry said in a joint statement. But the country of 10.5 million people must “boost the sustainability of its public finances in relation to an ageing population and increase labour market flexibility” before fixing an entry date.

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