Czechs hope wealth-destroying floods can lift growth

Posted by Reuters: Michael Winfrey on June 13th, 2013
Reuters: Floods that have caused billions of euros in damage across central Europe may actually provide an economic boost for the Czech Republic, a country struggling to shrug off its longest recession in more than two decades. Governments and insurers from Germany to Romania will have to pick up the costs of helping families and business recover from the floods, which have killed at least a dozen people and driven hundreds of thousands from their homes since the start of June. But central bank Governor......

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