PM meets with Civic Democrat leader to discuss lowering public finance deficit


The government will aim to cut the public finance deficit below three percent of GDP by 2014 at the latest, interim Prime Minister Jan Fischer told journalists on Thursday, after meeting with the head of the Civic Democratic Party Mirek Topolánek. The plan received full backing from the head of the former centre-right government that was ousted in a no-confidence vote last year. The three percent margin is required for euro adoption, which the finance minister has said could be possible in seven year’s time. Earlier this week, the government interrupted discussion on an updated version of the convergence programme; the cabinet is expected to return to the issue on February 8.