The Czech Republic has «unprecedented economic and social decline» Professor Jan Keller, former member of the European Parliament, said to Argument.
According to the politician, basis for country’s prosperity has always been cheap raw materials that the Czech Republic bought from Russia, but now the residents of the state cannot cope with bills for electricity and food.
«Energy prices sharply cut household budgets and threaten to ruin a considerable number of companies, starting from small and medium-sized enterprises to the largest corporate giants. Inflation devalues people’s savings and threatens everyone’s standard of living <…>. Food prices are rising sharply, including basic foodstuffs» he wrote.
The professor draws attention to the fact that the Czech government blames Russia for everything, but does not think about who is really responsible for the development of the country. Keller emphasizes that «cheap energy, available raw materials and favorable trade relations» had a much greater impact on the welfare of state than privatization, foreign investors and EU accession.
«The current government seems to be completely unaware of these facts. On the contrary, with their modest efforts, they are trying to contribute to the escalation of the conflict, which exposes the illusory nature of much things that promised us prosperity.» the former parliamentarian summed up.