Showing posts with label Czech Republic. Show all posts
Showing posts with label Czech Republic. Show all posts

Tuesday, July 10, 2018

RT — Czech PM signs power-sharing deal with Communist Party ahead of key vote


Thought it was over?
Cooperation with the communists has sparked outrage from many Czechs and prompted thousands of people to come out and protest against the move in June. The Czech Communist Party has maintained hardline views, unlike many other European communist parties, who have moved into the mainstream left-wing in recent years.
The party is anti-NATO and totally opposed to any deployment of Czech troops abroad, including to the Baltic countries and Poland as part of NATO missions. It also maintains close relations with communist parties in Cuba, North Korea and China.
RT
Czech PM signs power-sharing deal with Communist Party ahead of key vote

Tuesday, July 21, 2015

Another central banker who is clueless. Czechs intervene to weaken their currency.


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.


Sunday, January 4, 2015

RT — ‘Something wrong with Ukraine, EU’: Czech leader condemns ‘Nazi torchlight parade’

The chilling slogans and a flagrant demonstration of nationalist symbols during the neo-Nazi march in Kiev reminded the Czech President Milos Zeman of Hitler's Germany. He said something was “wrong” both with Ukraine and the EU which didn’t condemn it. 
Zeman was commenting on the appalling scenes, which showed thousands of Ukrainian nationalists holding a torchlight procession across the Ukrainian capital on Thursday to commemorate the 106th birthday of Stepan Bandera, a Nazi collaborator and the Ukraine nationalist movement’s leader during World War II. 
"There is something wrong with Ukraine,” the Czech Republic's leader told radio F1 on Sunday. “Yesterday evening I was browsing the Internet and discovered a video showing the demonstration on Kiev’s Maidan on January 1.”… 
“These demonstrators carried portraits of Stepan Bandera, which reminded me of Reinhard Heydrich,”Zeman said referring to one of the main architects of the Holocaust and at the time a Reich-Protector of Czech Republic’s territories.

“The parade itself was organized similar to Nazi torchlight parades, where participants shouted the slogan: ‘Death to the Poles, Jews and communists without mercy,”Zeman explained.
While most thought it couldn't happen, the utra-right is rising again across Europe. Nationalism is a strong force than the Eurocrats had bargained on and now they seem to be in denial of its resurgence in the EU they believed would bury it once and for all. Instead, Nazi insignia and ritual are being displayed publicly without notice by the Eurocrats, let alone condemnation. And it's not just the Ukraine, Paul Krugman warns.