Czechoslovakia Political Crisis and Economic Reform

Economic Reform Stephen Steiger Czechoslovakia is not at a crossroads. It has crossed the point of no return. But no one can see beyond summer. The result of the elections may increase the difficulties of both the Czechs and the Slovaks. But looking farther into the future the greater danger is posed by the continuing recession in the west which could hurt the newly emerging market economy of the country EVEN as the elections scheduled for June 5 and 6 approach the Czech and Slovak Federal Republic presents the pic- ture of a hung state, unable to make any headway with regard to future arrangements. Representatives of both the republics