“Do you remember how we said inflation will probably peak here a little earlier than in Western Europe?” asks economist Markéta Šichtařová
Germany is facing the most striking loss of prosperity in 50 years, writes Markus Brandstetter for Junge Freiheit
One look at the ranking of European inflation is a clear argument against the introduction of the common EU currency in the Czech Republic, writes journalist Pavel Páral
Last December, the government again agreed with the recommendation of the Bank and the Ministry of Finance not to set a target date for joining the euro area
Currently, adopting the euro currency would not be advantageous for Czechia
Croatia is preparing to introduce the euro currency, but other southern countries like Greece could serve as a cautionary tale about the perils of joining the eurozone
Of the 27 members, prices are rising fastest in Hungary
Premature entry would do more harm than good
The eurozone faces three big challenges
Poland is worried about countries which are not yet in the eurozone being excluded from decision-making processes on a separate EU budget for the eurozone, writes Anna Słojewska in “Rzeczpospolita”. Poland does not want just the finance ministers in the eurogroup making all decisions about the criteria and timing of that instrument.
Macron tries to convince Angela Merkel that the member states of the eurozone should guarantee the debts of its members. The Italians agree with it enthusiastically but American history proves that this is not a wise plan.
According to a Ministry of Finance forecast, the economic level of the Czech Republic will rise to 85 percent of the average of 19 euro countries next year. The Czech Republic will be better off than Poland, Hungary, Slovakia and Portugal.
