When you're down and out
2010-05-19
Czech politicians are curling their lips at the eurozone, like a
bad-mannered millionaire who can choose his friends. Almost
no Czech politician wants to be caught saying anything nice
about the euro. Václav Klaus started the trend by pinning
Greece's problems on the common currency. It's of course much
safer politically to blame something the CR doesn't have (the
euro) than what it does (widespread corruption, overly generous
welfare benefits). But what happens if the crown becomes the
target of speculators? Who will pull the proud Czech national
currency out of the gutter? The same eurozone that Czech
politicians have been bad-mouthing? Remember the old blues
number, "Nobody knows you when you're down and out."
Wouldn't it be better politics to at least go through the motions
now of establishing a date for adopting the euro? Just in case
the CR one day needs its long-lost friends?
[Czech Republic adoption Bessie Smith Derek & the Dominos]
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