Czech PM says fiscal pact move could improve country’s EU image

Czech prime minister Andrej Babiš has said that the country’s adherence to the European Union’s so-called fiscal pact will have no real impact on the Czech Republic.

The government approved membership of the fiscal pact, which sets broad guidelines for budgets, deficits, and economic policy, on Wednesday.

Babiš said that ratification of the treaty behind the pact could improve Czech standing within the EU and pointed out that the country could not take a negative stance on everything. He was speaking to members of the upper house, the Senate.

The outgoing prime minister said the fiscal pact had nothing to do with joining the euro, adding that the government did not want to do that at the moment because it is not advantageous.