More Vaclav Klaus Fun

From today's FT:

... I once asserted, at a conference on the euro in December 1998, that currency unions were unbreakable because the costs to disentangling the accounts would be prohibitive.

Vaclav Klaus was there, and replied: “Nonsense. When Czechoslovakia split in two, we separated the accounts in an afternoon.”

Jeffrey Frankel, Harvard University, Cambridge, MA, US