26 August 2012

CZECH REP : Austerity Threatens PM Necas' Tax Reforms.


      As the Czech recession deepens...PM Petr Necas is finding it hard to keep his parliamentary majority.
      He lost it in April...and needs it to overturn some recent tax reform defeats.
      Necas, 47...wants investor confidence to continue by cutting deficits...keeping Prague as one of the Europe's healthier economies.
      But opposition to and resentment about more austerity is growing across Europe... including in the Czech Republic.