Klaus warns against state intervention into economy

Czech President Václav Klaus has warned against state interventions into the economy. Speaking at a conference on economic transformation of central and eastern European countries in Warsaw on Friday, Mr Klaus said any tendency to regulate the market must be resisted. He said these interventions would not solve the economic crisis but instead “ruin the future of the whole world”. The Czech president believes that the current economic crisis was the result of many years of politicians manipulating the market.