Czech Republic approaching agreement on pension overhaul

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CZECH REPUBLIC - Prime Minister Petr Necas said the three ruling-coalition parties have moved closer to an agreement on how to overhaul the pension system which he sees as the "crucial" task for the government.

Necas, whose administration took power in July, wants to strengthen private savings for retirement as the government of the eastern European Union member forecasts state-run pay-as- you-go pensions...

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