The aim of this bachelor thesis is to discuss how well the Czech economy is prepared to enter the eurozone. It first briefly describes the conception and development of the European Economic and Monetary Union, the Maastricht criteria and the economic convergence criteria. It further considers the potential advantages and disadvantages offered to the Czech Republic from EMU membership, and then judges the Czech Republic's fulfilment of the Maastricht criteria. The last chapter focuses on the current economic convergence between the Czech Republic and the euro area. Finally the work evaluates the position of the Czech economy and concludes that in the short term the Czech Republic is not ready to adopt the Euro
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