Miroslav Kalousek

Europe and U.S. Clash on Financial Reform

When world leaders come together in Washington this weekend to discuss reforming the global financial system, there may be little consensus The faucets dripped, the windows couldn't be opened and rain and snow came in through...

MPs approve doubling guarantees for bank savings

Praha - At an extraordinary session this morning, the Chamber of Deputies approved a cabinet proposal under which the state will guarantee individuals' bank account savings up to EUR 50,000. Today the Czech Republic only...

CR to sue EC for nearly Kc0.25bn - television

Česko se bude soudit s Bruselem o čvrt miliardy korun Prague - The Czech government is going to sue the European Commission (EC) for nearly Kc0.25bn over funds that disappeared from the Phare programme in the 1990s and that the...

UPDATE 1-Czech 2009 growth seen below forecast -finmin

PRAGUE, Nov 6 (Reuters) - Czech economic growth is likely to drop more than previously expected due to global market turmoil but it should not slide into recession, Finance Minister Miroslav Kalousek told a newspaper on...

EU rejects French proposal on financial changes

PCCW shares soar on bid to go private The process is likely to be slow as well because President George W. Bush will be a lame duck, and there has been relatively little debate with emerging economies over such issues as reform...

Czech government approves new scheme of NGOs' funding

Prague - The Czech government today approved new principles of subsidising NGOs from the state budget, Finance Minister Miroslav Kalousek (Christian Democrats, KDU-CSL) told CTK today. The new rule is to secure that non-profit...

Business: Plan B - The government and banking industry are reconsidering financial policy in key...

"No government in Europe is able to guarantee all deposits in the country," says Finance Minister Kalousek. In recent weeks, the Czech Export Bank (ČEB) and the Industry and Trade Ministry have been forced to rethink their...

Crisis raises questions on euro entry

If the Stability and Growth Pact ends, it does not make sense to consider euro for the Czech Republic even in the long run, according to Mojmír Hampl, the vice governor of the Czech National Bank (ČNB). The global crisis might...

Crisis raises questions on euro entry

27-Oct-2008

If the Stability and Growth Pact ends, it does not make sense to consider euro for the Czech Republic even in the long run, according to Mojmír Hampl, the vice governor of the Czech National Bank (ČNB). The global crisis might...