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This diploma thesis - The evolution of Great Britain's, Germany's and the Czech Republic's stance on the European monetary integration - analyses the development of approaches of the states mentioned above. It assesses the pros and cons of this process. The research is carried out in such a manner that after analyzing a rather pro-European and one rather anti-European stance a synthesis of approaches is done. As a result, a recommendation to join the euro is given to the Czech Republic.

The topic of this work is european monetary integration and receiving european currency euro in Slovakia. First part of this work is focused to compare european monetary union with theory of optimum currency areas. In this part I compare indicators, which the countries engaged to the european monetary union should realize, with their reality. In the second part the main idea is history of the european monetary union from the beginign of the second half of the twentieth century to the present. In the last part I describe receiving euro in Slovakia and development statistics indicators before and after receiving. Some of these indicators I compare with indicators from the Czech republic. On the last, I add classification and opinions to receiving euro in Slovakia from different subjects, e.g. from european commission and specialists to this problems.

In the beginning, the thesis opens a theme of creation and shaping of the European monetary system and passes on the conditions for the adoption of further states. The next chapter deals with the expectation of the Euro implementation and some reasonings, what changes might occur. The middle part is devoted to the relationship of the European Monetary Union and the Czech republic. There is a timetable for the introduction of the euro and its principles outlined here too. Important is also the view of other states and their experience in entering the eurozone. The last chapter describes the theoretical spheres of the changes for entrepreneurs and businesses, and these are then applied to a specific company in the Czech economy.