‘We Don’t Want the Euro,’ Says Czech Tycoon Poised to Be Premier
- Billionaire Babis says he aims to lead next government
- Euro ‘is bankrupt,’ Babis says; ‘It’s about our sovereignity’
Is the Euro Doomed?
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The Czech Republic won’t be joining the euro anytime soon, if the billionaire who’s poised to be the country’s next prime minister has anything to do with it.
Andrej Babis, who claims he helped inspire French President Emmanuel Macron’s En Marche! movement, is on track to win Czech general elections in October. But while Macron wants to speed European Union integration, work with Germany to solve the bloc’s migrant crisis, and shore up the euro, Babis wants the opposite. His resistance to join the currency union echoes policies of the country’s previous governments.