Czechs Approve $2 Billion Loan to IMF for Euro Rescue, CTK Says

The Czech government approved a 1.5 billion-euro ($1.95 billion) loan to the International Monetary Fund a part of a mechanism aimed at tackling the euro area’s debt crisis, the state CTK newswire reported, citing people it didn’t name.

The Czech Republic was initially asked to provide a 3.5 billion-euro loan.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.