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Czech left’s leader says “deadly cuts spiral” must end

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The Czech Republic’s likely next prime minister says he plans to increase taxes on big firms and banks and put new emphasis on creating jobs to pull the economy out of a “deadly spiral”. Bohuslav Sobotka, re-elected on Friday as chairman of the opposition Social Democrats, also reaffirmed his openness to a deal with the mostly unreformed Communists, a once unthinkable approach in the former Soviet bloc country.

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