Vondra says EU countries must ‘show their hands’ if financial crisis is to be resolved

The Deputy Czech Prime Minister for European Affairs, Alexandr Vondra, meanwhile, has said that if the EU is to find a common solution to the current global economic crisis, then all EU members must ‘show their hands’ and be honest about the amount of bad debt they have. Speaking on Czech Television on Sunday, Mr Vondra said that he knew the process would not be easy, and that the Czech EU presidency had called Sunday’s European summit to get such discussion underway.