One of the biggest complaints of businesspeople during covid was that if they wanted a zero-interest government loan for their company, they had to sign a personal guarantee. Co-ownerDavid Petřík of Together restaurant company told HN that when the entire dining sector wasgoing down the tubes, it was like sticking your head in a noose to sign a personal guaranteefor a legal entity. Co-owner Jiří Šimáně of Smartwings said that the idea was socialistic. Thatwas April 2020, when no one knew how bad covid would get. If the state gave a commitmentunder such circumstances, it wanted one in return. Today no one has any idea what will happen next year, but PM Petr Fiala and Industry Min. Jozef Síkela are giving a commitment to households that electricity rates won’t rise by more than 10%. If energy prices spiked, not even all of Fiala and Síkela’s ample assets would cover everyone’s losses, but these two could at least deliver sealed resignations to the Castle as a personal guarantee for their promise.

Source