• Czech National Bank vice-governor Ludek Niedermayer stated yesterday that euro adoption in 2012 is technically possible and that there is enough time for public finances reform implementation. This is only a question of political preferences. • Prices of houses in the USA decreased by 3.2% in the 2Q07. This is the biggest slump since 1987. This result made markets even more doubtful after shake ups (54 EUR, -3,46%) in August. • Slovakia’s central bank left interest rates, according to expectations, unchanged. Prime rate remains at 4.25%. Bank board did not vote on any interest rates hike proposal. • Consumers‘ confidence index in the USA in August declined to 105 from July’s 111.9. Although it is the lowest level since last year’s August but it is still higher than market expectations of 104. • Germany’s business climate index Ifo declined in August to 105.8 which is slightly above market expectations.