PM declares no need for further anti-crisis measures

Separately, Mirek Topolánek said the outgoing Czech government does not plan to boost its measures to deal with the economic crisis. The stimulus given so far is worth around 180 billion crowns, he said on Sunday. Measures proposed but still to be adopted include changes to the law on income tax allowing faster write-offs of assets by business, cuts in social insurance payments made by employers and amendments to the insolvency law. The Social Democrats have said they would back faster write-offs and insolvency changes but have problems with the social insurance changes, one of the government’s main measures. The lower house should hold a special meeting on Friday to discuss the crisis package.

Author: Chris Johnstone