You perhaps have all read about Greece's hugely irresponsible budget deficit(not unlike the United States I guess). It turns out that Greece lied their way into the EU, by giving the EU false Finance statements(much more positive then reality) in order to gain entry. Now they are broke or worse and they expect the EU to bail them out, but much of Europe and the world is skeptical that the free-living Greeks can do it. Very interesting articles lately in the European press. Plus Many here think Portugal, Spain then Italy will be next, for the same reasons as Greece.
Of Course, The Czech Republic is not immune. It has a deficit as well and these were today's headlines:
"Prague, May 3 (CTK) - State budget deficit sees record increase. Czech state budget ended in a deficit of Kc78.2bn at end-April, which is the worst result since 2000, the Czech Finance Ministry told CTK Monday."
"At end-April 2008, state budget posted a deficit of Kc55.7bn.
Last year, 2009, saw a record gap of Kc192.4bn.
For 2010, the budget reckons with a gap of Kc162.7bn."
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