Euro not the key to stability: CNB's Tomsik
Adopting the euro will do little to enhance macroeconomic stability, said Vladimir Tomsik, a member of the Czech National Bank's rate-setting board.
Tomsik said that recent developments in Hungary, Iceland, the Baltic States, Austria and Belgium showed that it was stable and reasonable economic policies and a prudential approach to domestic regulation that fostered stability rather than eurozone membership.
Owing to sound economic policy, the Czech Republic could keep interest rates lower than
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