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Zeman favours Czech adoption of euro only after “Grexit”

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Prague, July 14 (CTK) – Czech President Milos Zeman considers Greece’s departure from the euro zone to be a reasonable solution to the Greek debt crisis, his spokesman Jiri Ovcacek told a press conference yesterday.
The financial situation of Greece is not favourable for the Czech euro zone entry as Czech tax-payers should not cover a part of the Greek debt, Ovcacek quoted Zeman as saying.
However, Zeman continues to support the view that the Czech Republic should join the euro zone, Ovcacek said.
“The president believes that Czech tax-payers cannot be asked to cover the debts of another country with an unsettled economic policy. He thus considers it a reasonable solution that Greece leaves the euro zone,” Ovcacek said.
It would be unreasonable to rely on the Greek promises because Greece repeatedly failed to deal with its problems, unlike other countries, he said.
On Monday, the euro zone countries agreed that Greece can start negotiating about a new bailout package provided that it speedily passes radical reforms.

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