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Posted inCentral Europe & BalticsRegions

Mafioso Capitalism

by Jan Čulík As I reported last week, the Czech Social Democratic government took decisive action against one of the largest Czech banking groups, Investiční a Poštovní banka (IPB), which had run into serious difficulties, due to the rather irresponsible behaviour of its management. IPB was privatised in a rather irregular way during the first […]