Czech parliament approves debt cap; rejects putting it in constitution

The Czech lower house approved a bill on Wednesday setting limits on state debt levels to keep future borrowing under control after earlier rejecting amending the constitution to include the measure. The bill will bring Czech law into line with the European Union's "fiscal compact", introduced in the wake of the euro zone debt crisis. However, being outside the euro zone, the Czechs face no pen[...] Read more here: Reuters