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Current AffairsCzech foreign minister says he’ll walk out if Czechs do not join EU fiscal union

No sooner was the government dispute over church restitutions resolved, the Czech government is racked by a new crisis. The leader of TOP 09, Foreign Minister Karel Schwarzenberg has made it clear that unless the Czech Republic joins the emerging European fiscal union his party would walk out of the coalition government. This latest ultimatum has brought to a head a long-simmering dispute in Czech foreign policy. More

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In Business news this week: Czech crown falls to its lowest to the dollar since July 2010; Česká spořitelna withdraws from legal battle over bankrupt lottery firm Sazka; Czech foreign debt reaches 49 percent of GDP; sales of alcoholic beverages took another slump this year; and Czech Republic’s Vietnamese community launches its own discount website. More

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