Financial Times FT.com

Czech economy weathering the storm

By Jan Cienski in Warsaw

Published: March 25 2009 17:10 | Last updated: March 25 2009 17:10

The collapse of the Czech government slightly weakened the koruna but did little to sway the Prague stock exchange, a sign that the political crisis is so far having little impact on central Europe’s soundest economy.

The centre-right government of Mirek Topolanek, prime minister, was ousted on Tuesday after losing a vote of confidence by a razor-thin 101 votes in the 200-seat parliament. He is scheduled to resign on Thursday after addressing the European parliament, although his cabinet is expected to continue functioning.

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