The fiscal pact is one of the talismans of the coalition government’s new pro-European stance. But it’s not a done deal that it will get the votes needed in parliament to go through and former finance minister Miroslav Kalousek has just signaled that TOP 09 votes in support will not be coming cheap.
A new poll released by the Czech discount retail website Skrz.cz, which offers the use of a search engine to trawl for the best deals – has suggested that Czechs trying to save money cut-back most on either clothes or food, opting to knot an older tie or chow down on cheaper food, presumably, rather than knock themselves out at boutique fashion shops or swanky restaurants.
Sourcing supplies and manufacturing has got a lot more complicated and fragmented with globalization. In many cases, countries are just partial providers or stops for goods or services before they end up with the final consumer. But appreciation of the more complex creation of wealth and trade flows is only beginning to be pieced together by international and national policy makers.
The Czech government is expected to approve a Transport Ministry amendment aimed at getting infrastructure projects – currently stalled – back on track. The completion of both highways and railway routes depends on winning over disaffected landowners by offering better prices for arable land than they had until now.
The government of Bohuslav Sobotka has made a brisk start in business and economic areas, though some of the more difficult decisions have been postponed. A clean divide has been made with the previous centre-right government. While some personal prickliness is evident, major rifts have been controlled.