Czech President Milos Zeman announced appointing economist Jiri Rusnok as prime minister, regardless of pressure from coalition parties which had preferred their own candidate. According to president Zeman, Czech technocrat cabinet is the only way to early elections and may last until end of September - if political parties in parliament are willing to agree to dissolve the lower house and hold an early election. Former leftist finance and industry minister in 2001-2003 Rusnok will replace Petr Necas who resigned last week in a bribery and spying scandal that involved his close aide. Rusnok wants to have new Cabinet ready within 2 weeks and plans to invite experts into his administration. Due to attitude of coalition parties which pushed for their own candidate Rusnok may fail to win a confidence vote in parliament, extending political instability in the central European country. Source: Reuters, Bloomberg