Need for stronger Chinese walls
The Czech Republic built a reputation as an oasis of regional economic and political stability in the first seven years after the collapse of communism in eastern Europe. But, after what one foreign banker described as its annus horribilis, during which the country was battered by floods, a currency crisis, economic austerity measures, rising unemployment and a government collapse due to a political funding scandal, the Czech Republic faces a painful new year as it tries to bring the reform process back on track.
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