Czech Government Approves Bill Limiting Presidential Powers

The proposed constitutional change will
be sent to parliament where it needs the
approval of three fifths of lawmakers in
both houses to pass into law
The Czech centre-left cabinet on
Wednesday approved a draft
amendment to limit the president’s
powers, including rights on appointing
members of the central bank board, a
government source said.
The proposed constitutional change will
be sent to parliament where it needs the
approval of three fifths of lawmakers in
both houses to pass into law.
The three-party ruling coalition lacks a
majority and will need votes from some
opposition members.
The amendment would give the upper
house the right to vet and veto central
bank board nominees chosen by the
president. The president now appoints
the seven-seat board himself. Other
changes include tighter rules for
appointing a new cabinet.
If passed, the proposal might affect
policy as early as 2016 when a new
central bank governor is due to be
appointed.
Prime Minister Bohuslav Sobotka’s
government says the rules should change
now that presidents are elected in a
direct vote rather than by parliament, a
change made in 2013.
Incumbent president, Milos Zeman , was
the first to be elected in a popular vote.
Zeman has repeatedly criticised the
central bank’s policy, launched in 2013,
of keeping the crown weak to avoid
deflation.
He is also at odds with the central bank
over euro zone membership, which the
Czech Republic pledged it would join
when it entered the European Union in
2004. Zeman wants the country to adopt
the euro sooner rather than later.
Last Sunday Zeman held a meeting on
the issue with Sobotka, the finance
minister and the central bank governor,
but they came to no decisionss. The
government does not plan on setting a
target date during this term of office.
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