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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]