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FinMin rules out early entry into eurozone

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The Czech Republic’s finance minister has ruled out any plans for the country to adopt the euro until at least 2018, drawing a sharp dividing line between himself and the country’s prime minister and president on the issue. Andrej Babiš, who is also deputy prime minister and leader of a ruling coalition party, dismissed support for eurozone entry among Prague’s politicians, citing the high costs of adoption, the negative impact on exporters and the threat of a Greek default.

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