Outgoing cabinet hoping to issue bonds to cover national debt security

The outgoing cabinet of Mirek Topolanek proposes to issue new bonds worth almost 133 billion crowns (an estimated 6 billion US dollars) to cover national debt security that the Czech Republic will have to pay in 2007 and 2008. A bill that would make this possible has already been presented to the Chamber of Deputies, which has been asked to give it the green light in its first reading.

Author: Dita Asiedu