Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Aerospace & Defense
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Campaign Polling
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Nader Mousavizadeh
Lucy P. Marcus
Nicholas Wapshott
Bethany McLean
Anatole Kaletsky
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Reihan Salam
Frederick Kempe
Christopher Papagianis
Mark Leonard
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Full Focus
Editor's choice
Our best photos from the last 24 hours. Slideshow
Images of September
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Obama takes offensive against Romney in debate rematch
2:46am EDT
Obama's pitch to women puts Romney on defense
8:56am EDT
UPDATE 1-Obama's pitch to women puts Romney on defense
8:54am EDT
UPDATE 1-Obama takes Romney to task on Libya in smack-down moment
1:31am EDT
Analysis: Obama regains his footing in feisty second debate
11:11am EDT
Discussed
165
Democrats frustrated by Obama’s ”Big Bird” campaign turn
138
Biden and Ryan in high-stakes election debate
96
Jobless claims fall to lowest in four and a half years
Sponsored Links
Czech PM uncertain he can survive tax vote as deadline nears
Tweet
Share this
Email
Print
Related News
Czech labor minister resigns after police charge deputy
Wed, Oct 3 2012
Analysis & Opinion
Essential reading: California unions fighting fundraising proposal rather than pushing for tax hike, and more
Portugal faces suffocating 2013 budget
Related Topics
World »
Czech Republic's Prime Minister and Chairman of the Civic Democratic Party (ODS) Petr Necas answers questions during a news conference at the party's headquarters in Prague in this file photo taken April 23, 2012.
Credit: Reuters/David W Cerny
By Jan Lopatka and Robert Muller
PRAGUE |
Wed Oct 17, 2012 11:38am EDT
PRAGUE (Reuters) - Czech Prime Minister Petr Necas said on Wednesday he was not sure he would be able to put down a rebellion by several backbenchers that is threatening to bring down the center-right cabinet as early as next week.
The central European government lacks a safe parliamentary majority and without a deal with a group of deputies in his Civic Democrats (ODS), Necas will lose a confidence vote tied to tax laws due to be debated in parliament from next Tuesday.
The government has proposed to hike the country's two sales tax rates by 1 percentage point each and to raise taxes for top earners to squeeze the budget gap to 2.9 percent of gross domestic product next year from 3.2 percent this year.
Necas said there could be no deal if the dissenters aimed to oust him, which some observers see as the real motive, rather than their stated aim of avoiding tax hikes at a time the economy suffers from a recession.
"If the heart of the matter is factual content of policy, then certainly it is moving towards some kind of an agreement," Necas told reporters. "If something else is at the core of this, for example replacement of the ODS chairman or the prime minister, then clearly there can be no agreement."
The tax plan was criticized by ODS founder, President Vaclav Klaus, in what became a rallying cry for a group of seven deputies to challenge Necas, although they had backed the tax hikes in several previous votes.
Klaus also undermined Necas ahead of a party congress on Nov 2-4 by vetoing a bill needed to start pension reforms next year.
Necas needs every single vote to win, given that his coalition's strength has shrunk through defections and a split within a junior coalition party to 100 seats in the 200-seat lower house from 118 it won in the 2010 election.
The rebels have been gaining strength, with some regional ODS officials joining the criticism of tax hikes after the party widely lost regional polls last weekend, following years of austerity and exposure of past graft dealings.
Necas offered a concession this week, which would raise only one of the tax rates. But the rebels said that was not enough.
"The message given by the election, as well as the message from all the key economists...give us a recommendation not to change any of the rates," said Marek Snajdr, one of the dissenters.
Under Czech law, an early election would be held if three-fifths of the lower house agreed to dissolve the chamber. Otherwise, a cabinet resignation would give power to Klaus to oversee talks on setting up a new administration.
The center-left opposition Social Democrats, who hold a double-digit lead in opinion polls, want snap elections. Necas has also argued for this option if he falls, hoping fear of almost certain loss would bring the dissenters into line.
(Editing by Myra MacDonald)
World
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.