Czech Republic is a member of the EU, but it still has it's own currency, the koruna. It intelligently never went to the euro.
So while Germany and the other two members of the "Troika" destroy Europe for their own ends, you'd think that the Czechs would just sit back and enjoy watching the show, after all, the koruna's appreciation against the euro equates to better real terms of trade for the Czech people. It also equates to a rise in their standard of living relative to their neighbors in the Eurozone.
What's wrong with that?
Apparently everything according to the Czech central bank, as in, they'll be damned to let that happen. They intervened in currency markets--selling the Czech koruna and buying euro--to maintain a fixed exchange rate of 27 koruuna to the euro.
"The central bank is ready to “automatically intervene for an unlimited time and in unlimited volumes to keep the koruna rate close to the level of 27 per euro,” Bartuskova said separately in an e-mailed statement. “The CNB only acts against exchange-rate appreciation beyond the declared level."
This is to affect what you may be wondering? To sustain exports. Of course this is the only way to grow in the minds of these Austrian lunatics. They're literally taking their citizens' money to support the economic arson that is going on in the Eurozone.
It's totally pathetic. The world goes to floating exchange rates, but central bankers still can't get away from trying to fix them. All this, of course, due to the abandonment and fiscal policy...branding it as bad.