• Reforms or resignation. According to vice-premier Necas, czech government will either push through social expenses reform or it will resign. Public finances reforms should have a number of stages.
• Slovak National Bank governor confirmed yesterday’s interventions against
koruna which should have prevented excessive volatility.
• American real estate market increased number of newly launched houses constructions by 9.0% in February to 1.525m. This figure exceeded expectations for 1.45m.
• Hungarian Minister of Finance Kovacs stated that he did not see any good reason for cancellation of forint’s floating band. These rumours appeared after SKK revaluated its band in the framework of ERM2 mechanics.