Czechs face painful spending cuts

Author (Person) ,
Series Title
Series Details 15.6.09
Publication Date 15/06/2009
Content Type

Report of a FT interview with Jan Fischer, the Prime Minister of the Czech Republic, June 2009. He said that the Czech Republic needs to make hard and painful cuts in spending if it is to rebound swiftly from the economic downturn.

The Czech Republic’s finances are on an unsustainable path because of high levels of fixed spending, which unless corrected could hurt the chances of emerging swiftly from the economic downturn and delay entry into the euro.

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