‘Business suffering amid protracted crisis, and this government will not help’

Published on 11 July 2013 at 11:00

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“Struck by the longest recession in the history of the country, the Czech Republic now has to contend with a political crisis,” remarks Hospodářské noviny in the wake of the appointment of Jiří Rusnok’s provisional government.
In the light of a poll commissioned by the Confederation of Industry, which reveals that companies are planning more layoffs, the business daily worries that —

… the combined impact of an economic crisis, which has already lasted two years, and conflict between parliament and Prague Castle [the president’s residence] may have heavy consequences. […] A government crippled by resistance from a parliamentary majority will have difficulty releasing funds for social programmes. […] At a time when the economic situation is among the worst in the EU (only southern countries and Hungary are worse off), a strong government should be in control.

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