Koruna Slide Reveals Virus Strategy Risks in EU’s Top Hotspot
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If the Czech koruna is a barometer of how the government is managing to contain the escalating coronavirus outbreak, then the results aren’t too encouraging for the country’s billionaire leader.
The koruna is the second-worst performer among emerging-market currencies, after Turkish lira, since the start of September when the European Union member began reporting an accelerating pace of infections. In just over a month, the Czechs have become the worst-hit EU country when adjusted for population, with the two-week cumulative number of cases surpassing Spain and France.