Czechs rally to demand resignation of acting PM Babis

PRAGUE — Thousands of people have rallied across the Czech Republic to protest acting Prime Minister Andrej Babis.

The protesters in 20 Czech towns and cities, including the capital of Prague, demanded that the wealthy entrepreneur resign from government.

The centrist ANO (YES) movement led by Babis won a parliamentary election in October, but his minority government lost a confidence vote in January and had to resign.

President Milos Zeman asked Babis to try to form another government, but other parties are reluctant to join a coalition because Babis is under investigation for fraud.

He denies wrongdoing.

Babis' political future has been further complicated by claims from Slovakia's Institute of the Nation's Memory that Babis collaborated with the former Czechoslovakia's communist-era secret police.

A court has dismissed his lawsuit against the institute.

Other News

Global stocks drift lower as investors await US data

Aug 16, 2016

Shares were lower across global markets on Tuesday in sluggish trading, while oil prices resumed gains

Global stocks dip ahead of release of Fed minutes

Aug 17, 2016

Global stocks and the price of oil dipped Wednesday as investors awaited the release of the minutes to the Federal Reserve's latest meeting for hints on when the next interest rate increase might come

Lowe's cashes in on housing rally, just not as much as rival

Aug 17, 2016

In the two-way competition for customers during a housing boom, Lowe's appears to be coming in second

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.

Contact us: