Court confirms validity of Tuma as CNB head

CZECH REPUBLIC - The Czech Constitutional Court on 20 June confirmed the validity of President Vaclav Havel's appointment of Zdenek Tuma as Czech National Bank (CNB) governor and Ludek Niedermeyer as vice governor.

Havel appointed Tuma and Niedermeyer in November of last year, but Prime Minister Milos Zeman and his Cabinet claimed the move was invalid, as such appointments require the counter-signature of the prime minister.

The court rejected a proposal to cancel Havel's decision, ruling that

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