Central Banking

Amended CNB law worsens EU accession chances

The Chamber of Deputies today did not identify itself with the arguments of the European Commission and decided that the controversial amended law on the Czech National Bank will take effect on 1 January 2001, central bank spokesman Milan Tomanek told reporters. Tomanek said the amendment will make accession to the EU more difficult and is also in contradiction with the Constitution.

The Chamber of Deputies today overrode President Vaclav Havel's veto on a draft amendment to the Czech National

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