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Czechs sceptical about the euro

Posted by The 300 News Daily on Jun 16th, 2010 and filed under Economy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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According to a new survey the Czechs’ scepticism about the advantages of joining the Eurozone is still on the increase.

Currently only 54.2 percent of Czechs favour the introduction of the euro, down from 63.8 percent in February.

For the conservative daily Lidové noviny this is a “logical reaction at a time when the problems of the common currency have become patent. Paris and Berlin have not stopped bickering over the euro in recent times.

The unrelenting demands for budgetary discipline on the part of the ‘German’ bloc are seen as extremely unpleasant. However their major flaw is that they are not unpleasant enough. If budgetary irresponsibility were the sole problem, how could we explain that not only the devil-may-care Greek swindlers have been badly hit by the crisis, but also Spain and Ireland, which ran budget surplusses just a short while ago?

… The Czech economy is small, our currency is potentially vulnerable and we have little possibility of influencing the future of the Eurozone. Currently there is nothing else to do than get our economy in shape and carefully follow developments as they unfold.”

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