Czech Rep: Fischer’s headache | beyondbrics

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There was not a lot of public regret about the recent defenestration of the centre-right government of outgoing Czech premier Petr Necas in a sex-and-spying scandal. One reason is that his austerity policies are blamed for sinking the country into its longest-running recession – one that began in the third quarter of 2011.

The new caretaker administration of Jiri Rusnok aims to change that. But it may find it hard to do anything of substance.

When the government was sworn in this week, Jan Fischer (pictured), the new finance minister (and former technocratic prime minister in 2009-2010), said he would focus on boosting spending as a way of reviving growth."

'via Blog this'