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
Investing Simplified
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
Dividends
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)
Slideshow
Full Focus
Photos of the week
Our best photos from the past week. Full Article
Download our Wider Image iPad app
Pictures of the month: October
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Cold hits storm victims ahead of U.S. election
|
10:46am EST
Facebook's Sandberg sells $7.4 million in stock
02 Nov 2012
UPDATE 1-N.J.'s Christie opens offices for early voting; paper ballots ready
03 Nov 2012
Romney, Obama converge on Iowa in late scramble for votes
|
8:39am EST
Disappointed NYC marathoners run in aid of Sandy victims
|
9:49am EST
Discussed
191
Jobless rate seen rising, offering Obama no relief
166
Fuel scarce, East Coast struggles to recover
97
Race is tied, but most think Obama will win: Reuters/Ipsos poll
Sponsored Links
Czech PM fends off party challenge, still faces tax rebellion
Tweet
Share this
Email
Print
Related News
New Congress may have old look after election
Sat, Nov 3 2012
Czech PM confident party congress will help quiet rebels
Fri, Nov 2 2012
Czech PM's support shrinks to minority as rebel deputy quits
Wed, Oct 31 2012
UPDATE 4-Greek government gets more backing on reforms
Tue, Oct 30 2012
Greek government gets key backing to pass reforms
Tue, Oct 30 2012
Analysis & Opinion
2013: The year of tax reform
Essential reading: Looming capital gains tax hike motivates owners to sell, and more
Related Topics
World »
1 of 2. Czech Republic's Prime Minister and Chairman of the Civic Democratic Party (ODS) Petr Necas gives a speech during the party's congress in Brno November 4, 2012. Necas won re-election as the head of his centre-right Civic Democrats on Sunday but a rebellion among the party's backbenchers still threatens to bring down the cabinet next week.
Credit: Reuters/Petr Josek
By Robert Muller and Jan Lopatka
BRNO, Czech Republic |
Sun Nov 4, 2012 10:19am EST
BRNO, Czech Republic (Reuters) - Czech Prime Minister Petr Necas won re-election as head of the center-right Civic Democrats on Sunday and must quickly tackle a rebellion among the party's backbenchers that could bring down his cabinet next week.
The leadership challenge came from one of a group of dissenters who oppose Necas's plans to hike taxes next year. The rebels could still bring down the prime minister in a confidence motion tied to the tax bill and due for a vote on Wednesday.
The center-right cabinet has won praise from investors over its two years in office for a determined push to narrow the budget deficit. But that has come at the cost of squeezing domestic demand and prolonging a recession that has strangled the economy since late last year.
If Necas were to fall next week, he would join a string of prime ministers from the Netherlands to Romania brought down over austerity measures in recent months.
Necas rallied the party to support the tax hike.
"If the government loses support for its budget policy, it will lose the purpose for its rule," Necas told 600 delegates at the party's congress in Brno, 200 km southeast of Prague.
"We should not square over 1 percentage point in one tax rate for one year when the alternative is opening the way to the left, which has already said it wants to raise taxes by 3 percentage points of GDP," he said.
Necas plans to increase value-added, income and other taxes to raise extra 22 billion crowns ($1.12 billion) to cut the budget gap under the EU's ceiling of 3 percent of gross domestic product next year. As a concession to win over more support, he has offered to reduce some of the increases.
Necas's coalition has lost its safe majority and now has 99 seats in the 200-seat lower house, including a handful of the anti-tax dissenters.
He may still win support from some independent deputies or members of a former coalition party that split from the cabinet earlier this year, but the result remains uncertain.
Necas refused to say after the vote how he would secure enough votes for the tax legislation.
The prime minister was challenged by Ivan Fuksa, one of the dissenters, for the party chairmanship. Fuksa, who lost by a margin of 351 to 178, said he was ready for further talks to find a deal on the taxes.
"Our aim is not a fall of the cabinet, no early election, but we are saying no to tax increases, and I believe we will hold more negotiations and reach a compromise," he said.
Necas has said that if he fell an early election should be held, although that is not mandatory under Czech law.
A steep drop in popularity for the ruling parties, including the conservative TOP09 and the small centrist LIDEM party, could force them to try to find a new prime minister to hold on to power until regular elections due in 2014.
The center-left opposition Social Democrats hold a double-digit lead in opinion polls over the Civic Democrats and are demanding elections be held as soon as possible.
The Social Democrats favor slapping higher taxes on big companies and top earners to help narrow the budget gap, and rolling back reforms in the health sector including the introduction of fees for doctor visits and some procedures.
($1 = 19.6609 Czech crowns)
(Editing by Hugh Lawson)
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.