Zeman to put third of salary into fund to pay off national debt

12-02-2013

The incoming head of state, Miloš Zeman, says he will put a third of his salary into a new presidential fund aimed at paying off the Czech Republic’s state debt. Speaking at a town hall meeting near the country house where he spent much of the last decade, the president-elect said he was setting up the fund to draw attention to the fact that Czechs were merely paying off the growing interest on their national debt, not the debt itself. Mr. Zeman, who takes office on March 8, said he would also seek other donors.