Klaus also weighed in on Washington’s cap and trade approach.
“I hope that the debate about cap and trade in the U.S. will become again serious and then I hope that people in Washington will be able to maybe stop it,” said Klaus.
He thinks it should be scrapped, as “the debate should first be about the rationality of debt instruments or another instrument” and not about “introducing a tax on carbon or quasi-sophisticated trading scheme.”
Bartiromo wrapped up the interview with a discussion on the Czech economy, which saw a record 5.5% contraction in the second quarter. When asked to characterize the economic landscape in Eastern Europe, Klaus said, “We feel the decline and decrease of demand for our exports.” But overall, he is confident about his country’s economic prospects, saying “We are approaching the economic level of Western Europe again as we used to be 50 years ago." His biggest challenge however, will be on further EU integration. Of that, Klaus said, "Inside the EU, we are more and more masterminded from Brussels and we feel we are losing a lot of our sovereignty and our ability to decide for ourselves."
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