CEZ considers sale of power plants to Czech Coal
Czech power group CEZ has renewed talks with Czech Coal over supplies and is also considering selling its Pocerady and Chvaletice electricity plants, newspaper Hospodarske Noviny reported on Tuesday. The two companies ... 

Source http://www.reuters.com/article/2012/01/31/cez-czechcoal-idUSL5E8CV1AG20120131

Czech Republic refuses to join EU fiscal pact
The Czech Republic joined Britain in refusing to sign up to an EU pact on fiscal discipline on Monday, Sweden's prime minister said, but diplomats indicated that Prague may still change its mind. "All countries declared their intention to take ...

Source http://news.ph.msn.com/business/article.aspx?cp-documentid=5823880

Czech violinist Ivan Zenaty joining faculty at Cleveland
Ivan Zenaty, an admired Czech violinist and teacher, will join the violin faculty at the Cleveland Institute of Music this fall. Zenaty is the second major faculty appointment that Joel Smirnoff, the institute's president, has announced in ...

Source http://www.cleveland.com/musicdance/index.ssf/2012/01/admired_czech_violinist_ivan_z.html

Westinghouse Announces Exclusive MOU With Czech Firm
Westinghouse Electric Company today announces the signing of an important and exclusive Memorandum of Understanding (MOU) with Czech company Metrostav a.s., in preparation for the potential construction of W ... 

Source http://finance.yahoo.com/news/westinghouse-announces-exclusive-mou-czech-180000065.html

Czechs balk at lending IMF money to help eurozone
The Czech Republic's prime minister says his country will not contribute €3.5 billion ($4.5 billion) to the International Monetary Fund as part of efforts to stabilize the European debt crisis, saying the sum would have to be "significantly lower."

Source http://www.msnbc.msn.com/id/46039197

Explosive Czech Petra Kvitova is planning
Explosive Czech Petra Kvitova is planning to blast her way through the deadliest women's draw in Australian Open history. Believing she has the power game to reign on every grand slam surface, Kvitova won't die wondering in her pursuit of Open ...

Source http://msn.foxsports.com/tennis/story/Explosive-Czech-Petra-Kvitova-is-planning-17502294

Facebook group wants Czech leader renamed Havel
A petition poking fun at a drive to rename everything in the Czech Republic after the late former president Vaclav Havel has become a Facebook hit: now they want President Vaclav Klaus renamed too. By Wednesday, a tongue-in-cheek petition calling for the ...

Source http://news.yahoo.com/facebook-group-wants-czech-leader-renamed-havel-003530117.html

"No big plan needed for potential euro breakup"
The Czech central bank is thinking about the consequences of a potential euro zone breakup, but the state of the the country's economy means it does not need a "big plan", central bank Governor Miroslav Singer said on Wednesday ... 

Source http://www.cnbc.com/id/46036860/No_big_plan_needed_for_potential_euro_breakup_Czech_cbanker

Czech cbank chief: new orders only encouraging signal
VIENNA, Jan 18 (Reuters) - Czech companies continue to receive new orders, which is the only encouraging factor in the central European economy, central bank Governor Miroslav Singer said on Wednesday. "It still seems that companies have orders, which is ...

Source http://www.cnbc.com/id/46036730/Czech_cbank_chief_new_orders_only_encouraging_signal

Morning Briefing: Polish Labor Data, Czech EU Support Eyed
Polish labor market data Wednesday may provide regional markets with further proof that the European economic cooling is impacting central Europe's largest country, while the Czech government will discuss euro-zone bailout plans. Poland's ... 

Source http://blogs.wsj.com/emergingeurope/2012/01/18/morning-briefing-polish-labor-data-czech-eu-support-eyed/

Czech president ponders breakup of euro zone
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The current fiscal debacle in some European Union countries has led to the inevitable speculation over whether the euro currency will exist years from now.

This is because rising deficits across the continent have led to a higher chance that a country could default on its debt obligations, resulting in a wave of financial losses for banks across the continent that hold these bonds.

In a recent article on the Cato Institute website, Vaclav Klaus, the president of the Czech Republic, examines the possibility that the euro zone could eventually come undone. He noted that the euro zone is divided into two regions - one with a low inflation rate and one with a higher rate that includes countries like Greece, Spain and Portugal.

The global financial and economic crisis only escalated and exposed all economic problems in the euro zone - it did not cause them," wrote Klaus. He went on to note that since the establishment of the euro zone, economic growth for many member states has actually slowed down in comparison to previous decades.

If the euro zone ever does break up, it will have a profound effect on world financial markets. With that in mind, those who hold dealer gold investments may be well-positioned to ride out any periods of financial instability.

Superior Gold Group

 
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