Crown recovers quickly

The Czech crown, which dropped on news of the government's fall, has now fully recovered. The crown shed 30 hellers to the US dollar and 20 to the Euro, but made a surprisingly quick recovery climbing back to its former level within two hours. Raifeissenbank analyst Ivo Nejdl said the crown would probably spend some time on the weaker side of 32 crowns to the Euro, waiting for further moves on the Czech political scene. If the communists are invited to take part in the government in any way, there would be another drop, he said.