Business Warns Referendum Law Debate May Lead to Possible Czexit

Businesses in the Czech Republic are fretting over a debate about a new referendum law, warning it has the potential to trigger a vote on a Brexit-style departure from the European Union that would devastate the economy.

A week of speculation from newspapers — the main business daily Hospodarske Noviny led its entire front page with the headline “How Much Would Czexit Cost?” — has sown dread among investors who worry that falling out of the EU would hammer an export-driven economy. Even though the Czechs sell 84 percent of their goods to the rest of the 28-member bloc, the country is the most eurosceptic EU nation after Greece.  Read more here→