Friday, October 19, 2012

Radio Prague Today 10.19.2012

Articles posted today

Business News 19.10.2012

In Business News this week: the fate of the government-proposed tax hikes for 2013 remains uncertain, Iraq is considering buying small arms from Česká zbrojovka, Czech exporters seek to reduce their dependence on EU markets and IKEA plans to open more stores in the Czech Republic.

Sceptical Czechs threaten to veto EU 'banking union'

European leaders meeting in Brussels have agreed a timetable for the creation of a single banking supervisor for the eurozone. All 6,000 banks in the eurozone would be regulated by the European Central Bank; a mechanism that would essentially create a European banking union. But several countries are extremely sceptical, and they include the Czech Republic.