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Current AffairsCzech government refuses to join EU’s planned fiscal compact
The Czech government has refused to join the European Union’s planned
fiscal compact which paves the way for a closer coordination of fiscal
policies within the bloc. At an EU summit in Brussels on Tuesday, Czech
Prime Minister Petr Nečas cited “ratification issues” as the main
reason why the country will stay out of the pact, as the only EU member
state besides the UK. The Czech refusal has already caused a stir on the
domestic scene as Foreign Minister Karel Schwarzenberg said the move would
harm the Czech Republic’s interests. Jan Czech Radio’s former
correspondent in Brussels, Ondřej Houska summed up the reasons Prime
Minister Nečas gave to back his decision. More
Business NewsBusiness News
The Czech Republic got 31 billion more than it gave from the EU in 2011;
15.6 billion may have to be returned to the EU due to errors in subsidies
use; petrol prices continue to reach new records; banks plan to open dozens
of new branches in 2012; Social Democrats propose bills to decrease
household indebtedness. More
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