Financial Times FT.com

Czech currency falls on vote against PM

By Jan Cienski in Warsaw and Nikki Tait in Strasbourg

Published: March 24 2009 22:41 | Last updated: March 25 2009 14:46

The Czech koruna lost ground on Wednesday after the country’s government collapsed after losing a vote of confidence over its handling of the economic crisis.

Tuesday’s 101-96 vote marked the end of the coalition government of Mirek Topolanek, the centre-right prime minister, as well as the effective conclusion of the already bumpy and crisis-ridden Czech presidency of the European Union, which formally expires on June 30.

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