Czech president Klaus appoints new cabinet

Czech President Klaus appointed a new cabinet, handing power to a centre-right coalition pledging to cut the budget deficit and fight widespread corruption.

Czech president Klaus appoints new cabinet

 

Czech President Vaclav Klaus appointed a new cabinet on Tuesday, handing power to a centre-right coalition pledging to cut the budget deficit and fight widespread corruption.

The appointment wraps up six weeks of talks on forming a government after the three parties won 118 seats in the 200-seat lower house of parliament in a May 28-29 election.

Prime Minister Petr Necas, leader of the right-of-centre Civic Democrats, has pledged to cut the budget gap to 3 percent of gross domestic product by 2013, from 5.9 percent last year.

The export-dependent Czech Republic has suffered from a drop in west European demand in the economic crisis, but has been recovering with the revival in Germany, the key trading partner.

The Czechs have low debt compared with the European average, but need to reform their pension, social and healthcare systems to avoid a fast growth in borrowing.
 

Reuters

Güncelleme Tarihi: 13 Temmuz 2010, 17:09
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