December 7, 2012 / 9:26 AM / 7 years ago

Czech president says will not sign treaty change to ratify ESM

PRAGUE, Dec 7 (Reuters) - Czech President Vaclav Klaus will not sign a treaty change allowing the formal creation of the euro zone’s permanent bailout mechanism, the ESM, news agency CTK quoted him as saying on Friday.

All other European Union countries have already ratified the change.

Klaus had been expected to sign it, as required by the Czech legislative process, after both chambers of the Czech parliament had given it a green light.

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