Fischer to push through 3 billion in flood bonds ahead of elections

Prime Minister Fischer told Czech Television on Sunday that he intends to ask the Chamber of Deputies to rush through a proposal for the issue of 3 billion crowns in flood bonds before elections next weekend. The proposal would be dealt with as emergency legislation at a special session of Parliament on Thursday, the day before elections. The PM said that the bonds would unavoidably push the state budget deficit beyond the approved level of 163 billion crowns. Parliament already has one special session scheduled for the coming week dealing with a proposal for direct election of the president.