Economists consider PM’s promise to raise Czech incomes to the level in Germany unrealistic

Economists consider Prime Minister Petr Fiala’s promise to raise Czech incomes to the level of those in Germany in four years’ time, if he gets another term in office, unrealistic. Fiala made the pronouncement on Czech Television, stating his intention to lead the SPOLU (Together) coalition in next year’s general elections. Economists point out that if the prime minister were to fulfill his promise nominal earnings in factories and offices would have to rise by at least a quarter every year and earnings in Germany would have to stagnate in that period. According to Eurostat, the annual average gross wage in Germany last year was over 50,000 euros. In the Czech Republic, the average annual wage was less than half of that, and remains well below the European average.