PM: eurozone will not collapse

Prime Minister Petr Nečas has said he believes that the eurozone will not collapse as a result of the current debt crisis. Speaking to reporters on Saturday, Mr. Nečas said scaremongering might only aggravate the situation. Earlier this week Finance Minister Miroslav Kalousek warned of disastrous consequences the collapse of the euro would have for the Czech economy. He said a systemic financial collapse of the eurozone would have a fatal economic, fiscal and social impact on the Czech Republic, and the country would ‘struggle to survive’.