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MNI Speaks With St. Louis Fed President Bullard

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  • A group of Czech opposition leaders have been trying to remove PM Andrej Babis from office over his bad management of the Covid19 crisis and conflict of interest according to Bloomberg.
  • As a reminder, since the 2017 October election, Czech Republic has been led by a minority government, consisting of:
    • ANO 2011 party, led by PM Babis
    • Social Democratic Party (CSSD), led by Interior Minister Jan Hamacek
    • with support from the Communist Party
  • According to a final EU audit, businessman and Czech PM Babis continues to influence the multi-billion korunas corporation Agrofert he established over his control of trust funds linked to the company.
  • Next Czech elections will be held on October 8 and 9 2021; President Milos Zeman previously indicated that he wanted to avoid early elections.