‘Czexit’ Looms As Traders Bet On Czech Republic Breaking Euro-Peg

Wednesday, January 11, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jan 11, 2017

Czech inflation spiked in the last two months, hitting the central bank’s target for the first time since 2012, heaping, as The FT reports, additional pressure on the country’s soon to be expired currency regime with the euro.

Along with on-target inflation, the Czech Republic also boasts the lowest rates of unemployment anywhere in the EU at 3.7 per cent.

Having kept an upper limit on the koruna in a bid to control inflation over the last three years, the central bank has been forced to buy up foreign currency at a faster pace to keep the regime steady. The koruna has been kept at around CZK27 against the euro since 2013, but policymakers have warned they are likely to scrap the regime at some point this year.

So Is a ‘Czexit’ on the cards?

The Rest…HERE

One Response to “‘Czexit’ Looms As Traders Bet On Czech Republic Breaking Euro-Peg”

  1. Important - J

    Paul,

    Confirmed Russian activity in northern Colo and southern WY including Laramie.
    Men military age, fit, driving vehicles north up 287.

    I’ve seen them in Coal Creek coffee in Laramie; individual fit male about 26 with a young girl friend (age15-16), obvious they weren’t students there. When I looked over at them at the counter, he took her and left the store walking east towards Jimmy Johns.

    Another day, we were in the same coffee shop and there was an older mother in her mid late 60’s helping her two grand kids (?) with their home work, possibly home schooling, and none of them spoke english.
    The children looked like they could be related to the man I saw in Safeway one evening late summer.

    Also, in Laramie, a russian male was contacted by two LPD officers. The russian male in his mid late 20’s was wtaking photos of the rail yard and later seen doing concrete density tests on the pillars under I-80 over pass and hwy 287 south side of town- in broad daylight with a BB gun. Literally bent down and swept the concrete residue into a plastic bag.

    Three weeks ago, two white semi trucks seen coming off of dirt roads near Laporte around Livermore, entering hwy 287 headed south bound with infared head lights above the regular lights, no DOT markings..

    4-5 months ago, a friend of mine near Virginia Dale, found two Chinese women on his property taking photos of his farm house along north 287 north near Virginia Dale.
    He came out and they were all the way up to his garage, 126 yards from the locked gate. We are concerned they may use his place for an OP/Operational Point.
    Pretty bold to climb a fence and walk that far in.

    Myself and a warren airman confirmed one operation point along 287 where foreign people have established residence, with almost a dozen vehicles in a straw name of property owner and none of the vehicles are on the property, yet a european comms van is on the property and not registered to the owner.

    On two separate occasions, he and I both talked with young women who admitted to living there with others, and said they were entering boot camp in 30 days (how if you’re not a US citizen, and no ID?)

    Warren is also confirmed flying local training flights under threat ie. armed on all flights now.

    In addition, there is a no fly zone south of Laramie with no TFRS logged. All flight crews at warren have been told to stay clear of the area. And no TFR’s????????

    #3018899

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