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. “No euro. I don’t want the euro. We don’t want the euro here,” Babis said Friday in an interview on the sidelines of the reSITE cities conference in Prague. “Everybody knows it’s bankrupt. It’s about our sovereignty. I want the Czech koruna, and an independent central bank. I don’t want another issue that Brussels would be meddling with.” Source Bloomberg
Southeast Asia is seeing a boom in foreign direct investment as the intensifying trade war between the U.S. and China prompts companies to shift production to the region. Source: Bloomberg
President Donald Trump said Washington will exit the Cold-War era treaty that eliminated a class of nuclear weapons due to Russian violations, triggering a warning of retaliatory measures from Moscow. Source: Cyprus Mail
Interior Minister Matteo Salvini on Saturday dismissed ratings agency Moody’s decision to downgrade Italy’s credit standing because of the government’s controversial budget plans and said the country’s outlook was “stable.” Source The Local
