Pundits on Czech approach to new EU treaty

There have been mixed reactions from pundits on the Czech Republic’s cautious approach towards the intergovernmental treaty on fiscal policy agreed on at Friday’s EU summit in Brussels. While political analyst Zdenek Zboril welcomed the government’s reserved stand, saying that the imposition of financial restrictions from Brussels could create many problems, economics professor Vladimira Dvorakova said the Czech Republic could pay dearly for its “yes and no” approach. She pointed out that the Czech Republic is not Britain and the crown is not the pound, noting that in view of its position and economy the country was better off in an alliance than standing isolated.