"The new right-wing populist government of Andrej Babis has made a firm pledge to ensure Czechia never adopts the euro. Instead, the government will seek to enshrine the Czech crown as legal tender and guarantee the right to use cash. "We commit that our government will not adopt the euro nor take any steps towards its introduction," reads the policy program approved by the new government a coalition of Babis's ANO party,"
"We will propose to parliament that the Czech crown be anchored in the Constitution of the Czech Republic along with the right to hold and use cash as legal tender. Can the Czech government keep its promise? It's a big promise, and for now an empty one. The Babis government commands 108 seats in the lower house. But changing the constitution requires a three-fifths majority, which is a minimum of 120 of the 200 lawmakers in the Chamber of Deputies."
The new right-wing populist government led by Andrej Babis pledged that Czechia will not adopt the euro and will seek to enshrine the Czech crown and the right to use cash as legal tender in the Constitution. The policy program states the government will not take any steps toward euro introduction. The coalition holds 108 seats in the 200-seat Chamber of Deputies, short of the three-fifths (120) majority required to amend the Constitution. The Senate requirement is a three-fifths majority of senators present in the 81-seat upper house, where only 15 senators currently align with the government. Parliamentary arithmetic makes constitutional change unlikely, rendering the pledge largely symbolic.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]