Czech Parties to Seal Coalition as Stimulus Debate Looms
This article is for subscribers only.
Czech parties signed an agreement to form a government that will face a dispute over whether to raise corporate taxes to finance increased state spending after a record-long recession.
Leaders of the Social Democrats, the ANO party and the Christian Democrats signed the deal in Prague today, ending negotiations following an Oct. 25-26 snap election. The Social Democrats nominated Chairman Bohuslav Sobotka as the country’s eighth prime minister in the past decade, while billionaire businessman Andrej Babis, the head of ANO, is poised to take the reins of the Finance Ministry.