Final Word from Tuesday, November 1, 2016

By far the most significant of the 30 people receiving honors on Fri. from Miloš Zeman was Štěpán Popovič, a former high-ranking Communist who funded Petr Kellner in the early days of velvet capitalism. Whatever the current status of relations between Zeman and Kellner because of the president's fleeting predilection for Jaroslav Tvrdík's competing group of Chinese-backed Czech entrepreneurs, Zeman knows which side his bread is buttered on. Kellner's PPF was in China (and Russia) long before Tvrdík or Martin Roman had ever even heard about the OECD bank-reporting rules that made them scramble to find a frontman like CEFC for their Czech investments. One of Andrej Babiš's goals in joining forces with Daniel Herman is to block the campaign funds to ČSSD that make these circular investments possible. If he hurts Kellner's business in China in the process, so much the better. After all, there's only room for one No. 1. [Czech Republic GATCA KDU-ČSL ANO ČSSD a.s.]

Glossary of difficult words

fleeting - lasting for a short time;

predilection - a preference or special liking for something; a bias in favor of something;

to know which side one's bread is buttered on - to be aware of where one's best interests lie;

to scramble - to perform an action or achieve a result hurriedly, clumsily, or with difficulty.

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