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Finance minister to propose lending CZK 38bn for euro bailout

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Finance Minister Miroslav Kalousek (TOP 09) will today present the government with the amount his ministry deems the Czech National Bank (ČNB) could contribute to the effort to protect indebted eurozone member states from insolvency. Whereas the EU proposed that Prague put up EUR 3.5 billion, Kalousek says EUR 1.5 billion is manageable.

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