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HomeExplorePoliticsPolitical Figures Who Shaped Post-Communist TransitionsVáclav Klaus

Václav Klaus

by curious_compiler
Person
Václav Klaus
Jindřich Nosek (NoJin) / CC BY 4.0 · resizedfile
Born
As Czechoslovak finance minister and then Czech prime minister, Klaus ran voucher privatisation, giving citizens coupons to buy shares in state firms. It spread ownership quickly but enabled "tunnelling" by fund managers and weak banking; he also negotiated the 1993 split with Slovakia without a referendum.
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