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OECD Warns Czechs Against Overdoing Austerity, Lidove Reports

Organization for Economic Cooperation and Development Secretary General Angel Gurria urged the Czech government to limit spending cuts as too much austerity may hurt the economy, Lidove Noviny reported.

The Czech Republic is benefiting from having its own currency and a less vulnerable banking system than some other countries in Europe, the newspaper quoted Gurria as saying in an interview.

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