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15 September 2009

Czech Political Stalemate Stalls Necessary Budget Cuts.

BLOOMBERG/
The political impasse over early elections in the Czech Republic is preventing the interim government from taking steps to reduce the budget deficit.
The Czech Republic is heading for a budget SHORTFALL of 7.4 percent of GDP this year and the deficit will remain at that level in 2010 if politicians “remain passive,."
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Labels: budgetary cuts, Czech Republic, political stalemate
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