Friday, October 12, 2012

Czech National Bank Vice Governor Hampl on the Czech economy and the Eurozone

Oct 11, 2012 by GoldMoneyNews

GoldMoney's Alasdair Macleod interviews Vice-Governor Hampl of the Czech National Bank. They discuss the nature of the Czech economy, which is savings-driven, the Republic being a nation of small savers. This gives it an economy that has more in common with Germany than the rest of Europe. The economy enjoys a low-inflation environment, with a free-market approach. Since 1989, the economy has been driven by economic agents wishing to rebuild their wealth, and this has helped the Republic develop its economy more rapidly than its neighbours.

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