Czech government has plan for Greek collapse

As uncertainty continues to grip the outlook for Greece and the future of the eurozone, there is one certainty for financial analysts in the Czech Republic: The domestic economy will get a lot worse before it improves.

At the European Union Summit in Brussels May 23-24, Prime Minister Petr Nečas joined other leaders in publicly acknowledging his government had drawn up contingency plans for a possible Greek departure from the eurozone, although he did not mention any details.

“Of course, it would be better if Greece complied with the austerity program and stayed in the eurozone,” Nečas said.

For the full story, please visit The Prague Post.