Finance Minister dismisses talk of Czech economic slowdown

The Czech Finance Minister Miroslav Kalousek has dismissed talk of an impending economic slowdown in the Czech Republic. The comments were made on Czech Television on Sunday. The Finance Minister also addressed the current financial crisis in the US, saying that the government would not bailout companies if a similar situation arose in the Czech Republic. A number of Czech companies, including porcelain maker Krystalex have been facing growing debt problems in recent weeks. Mr Kalousek also stated that cuts would have to be made to the state budget.