„No Austerity Measures in the Czech Republic“

BusinessEconomy ♦ Published: July 11, 2012; 18:48 ♦ (Vindobona)

The Vienna Institute for International Studies underlines that the Czech Republic´s financial situation is very stable at the moment. Austerity policies would not be required.

„No Austerity Measures in the Czech Republic“ / Picture: © Wikimedia Commons / [Public Domain]

According to Peter Havlik at WIIW (Vienna Institute for International Studies), austerity policies in the Czech Republic would be counterproductive. The Czech Republic´s public finance would be still solid. Austerity measures would be recommendable rather in Hungary or in the Baltic States, he says.

WIIW´s economist Leon Podkaminer emphasized that the Czech Republic is will…