Babis does not expect German developments to affect Czech economy

Germany is heading for a minority government or early elections now that the post-election talks between the CDU/CSU, the FDP and the Greens have collapsed, Czech ANO leader Andrej Babis said on Monday, adding that he does not expect the developments in Germany to influence the Czech economy. "Germany seems to be heading for a minority government, maybe even to early elections after some time," Babis, whom President Milos Zeman recently asked to start negotiations on forming a new Czech cabinet, told CTK. "I expect [the German developments] to have no impact on either markets or the Czech economy. In Germany, a big strength of centrist parties persists, along with [parties'] consensus on fiscal and essential economic issues.