The Economics of Austerity in the Czech Republic: What Drives it & What’s Next?
Recently, I wrote a blog post on austerity in the Czech Republic. I’ve been thinking about this topic quite a bit actually since I live in Prague, the Czech capital.
If you would look to read more of my thoughts on some of the pitfalls of austerity, I recommend accessing that blog post before reading this interview. But it’s up to you. I think this post serves well as a stand alone read as well.
And yesterday an interview I did with research fellow at EUROPEUM Institute for Foreign Policy was published for Czech Radio’s external service, Radio Prague International, where I hold a position as a journalist. I thought I would share it with you here as well because I think the interviewee had a lot of good things to say.
Please do let me know what you think — and if you wish to check out my reporting, here’s a link.
Here’s the interview.
The Czech government’s austerity policies under Prime Minister Petr Fiala are shaped by both economic necessity and political ideology. Rising inflation, stagnating wages, and a housing crisis have fueled public dissatisfaction, while the deficit continues to grow without significant investments in long-term economic growth.
