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18-507: The agreement was signed as a result of problematic coalition talks after the 1998 legislative election. It was criticised by many journalists and politicians who blamed it for a rise in corruption. Many commentators also considered it to be a de facto coalition agreement. On the other hand, supporters say that it helped to stabilise the political situation in the country. Václav Klaus's second government collapsed due to an internal crisis within ODS,

36-463: A deal. The "Treaty on creating a stable political environment in Czech Republic" ( Czech : Smlouva o vytvoření stabilního politického prostředí v České republice ), more commonly known as "the opposition agreement" ( Czech : Opoziční smlouva ) established a set of rules for the winning party and the second party. Both parties pledged to: The two parties also reached an agreement on changing

54-883: A member of the Basel Committee on Banking Supervision ; a member of the board of the Financial Services Volunteer Corps, New York and a member of the International Council of the Bretton Woods Committee , Washington. Awards received by Tošovský include: Central Banker of the Year (1993), European Manager of the Year 2014 (European Business Press Federation), the Karel Engliš Prize for Economics at Masaryk University in Brno (1995), European Banker of

72-556: The Chamber of Deputies must be held "according to the principle of proportional representation". Civic Democratic Alliance The Civic Democratic Alliance ( Czech : Občanská demokratická aliance , ODA) was a conservative-liberal political party in the Czech Republic , active between 1989 (founded shortly after the Velvet revolution ) and 2007. The ODA was part of government coalitions until 1997 and participated in transformation of

90-781: The Czech economy. The party was supported by president Václav Havel who voted for it in 1992 and 1996 election. The ODA was established in 1989 by a group of intellectuals as a conservative-liberal party, based on ideas often expressed in The Salisbury Review . The other motive was personal antipathy to Václav Klaus and his party Civic Democratic Party (ODS). In 1992 legislative election , ODA obtained over 300,000 votes (5,93 per cent of all votes) and gained 14 seats in Czech National Council. It became part of right-wing coalition (First government of Václav Klaus ) together with

108-620: The French candidate Dominique Strauss-Kahn . The Czech Republic immediately declared that it would not support Russia's nomination and would continue to stand behind the EU's one. In January 2007, the daily newspaper Mladá fronta DNES accused Tošovský of having cooperated with the Czechoslovak State Security . The Czech Office for Foreign Relations and Information (ÚZSI, civilian intelligence) denied any conscious cooperation of Tošovský with

126-524: The ODA became the coalition's weakest member, and after its funding problems came to light, it ceased to take part in the Czech political scene. It only had one senator, Karel Schwarzenberg (Minister of Foreign Affairs of the Czech Republic since 2007). The party ceased activity on 31 December 2007. Czech billionaire Pavel Sehnal announced in December 2016 that he established a new Civic Democratic Alliance. Leaders of

144-586: The ODS, Christian and Democratic Union (KDU–ČSL) and Christian Democratic Party (KDS). In 1996 legislative election , the ODA obtained 6.36 per cent of votes and again formed coalition with the ODS and KDU–ČSL (the second government of Václav Klaus). However, this government didn't manage to form majority in the Chamber of Deputies and so was depending on toleration of the centre-left Czech Social Democratic Party (ČSSD) (government disposed of 99 deputies out of 200, social democrats of 61 deputies and non-system parties of 40 deputies). Following financial scandals of

162-515: The ODS, the coalition fell apart. Both the ODS and KDU-ČSL participated in caretaker government of Josef Tošovský . It didn't participate in 1998 legislative election , in order "to not split votes on the right-wing" . The ODA formed the Four-Coalition with the KDU–ČSL, Freedom Union and Democratic Union in opposition to the grand coalition of the centre-right ODS and centre-left ČSSD. However,

180-605: The State Security. Mladá fronta DNES later stated that Tošovský mainly performed economic analysis for the State Security agency and never gave any information leading to arrests or prosections by the State Security. Tošovský is an associate professor of the University of Economics, Prague and holds an honorary doctorate from Mendel University in Brno . He is a member of the board of the Centre for European Policy Studies , Brussels;

198-475: The electoral system to benefit parties with the most votes — themselves at the time — by making constituencies smaller and changing the allocation formula. The new law would have almost destroyed the opposition and given the two parties nearly all the seats in the Chamber of Deputies, but it was struck down by the constitutional court, as Article 18 of the Czech Constitution explicitly states that elections to

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216-541: The largest coalition party, related to unclear financing of the party, and the subsequent withdrawal of the Civic Democratic Alliance (ODA) and KDU-ČSL from the coalition. A snap election was scheduled on 19 and 20 June 1998. Some members of ODS left the party and formed the Freedom Union , while the rest remained loyal to Klaus. The event was named the "Sarajevo assassination" by supporters of Klaus, as Klaus

234-577: The legislative and institutional framework for the operation of the central bank in the market system, and oversaw the splitting of the Czechoslovak currency and central bank as part of the break-up of the state. In response to the political crisis in the Czech Republic at the end of 1997, President Václav Havel appointed Tošovský Prime Minister of the Czech Government. On 22 July 1998, Tošovský

252-503: The original ODA weren't involved with the new party. Seats in the Chamber of Deputies Seats in the Senate National groups: * observer *associate member **observer Josef To%C5%A1ovsk%C3%BD Josef Tošovský ( Czech pronunciation: [ˈjozɛf ˈtoʃofskiː] ) (born 28 September 1950) is a Czech economist and former governor of Czech National Bank (from 1993 to 2000). From 17 December 1997 to 22 July 1998 he

270-631: Was appointed Governor of the State Bank. Following the split of the Czech and Slovak Federal Republic and the establishment of the Czech National Bank , he was appointed Governor of the Czech National Bank on 20 January 1993. As Governor, Tošovský participated in drawing up the blueprint for economic reform and in implementing it in the monetary and banking areas. He took a leading part in drafting

288-509: Was in Sarajevo at the time of the attempted takeover. The 1998 legislative election ended with a narrow victory for ČSSD. The coalition negotiations were unsuccessful, as the Freedom Union refused to enter a coalition with ČSSD, while ODS refused to enter a coalition with the Freedom Union, due to their "betrayal". Instead, the leaders of ODS and ČSSD (Klaus and Miloš Zeman ) decided to make

306-791: Was reappointed as the CNB Governor. Tošovský stepped down as the Governor of the CNB at the end of November 2000. Since 1 December 2000 he has been Chairman of the Financial Stability Institute at the Bank for International Settlements in Basel , Switzerland. In August 2007, Russia nominated Tošovský to succeed Rodrigo Rato as head of the International Monetary Fund – as an alternative to

324-520: Was the prime minister of the Czech Republic in a caretaker government . Tošovský studied international trade at the University of Economics, Prague from 1968 to 1973. After graduating, he was employed by the State Bank of Czechoslovakia , where he held a number of posts, including adviser to the chairman. He also worked in London during the 1980s at the branch office of Zivnostenska Banka . In 1989, he

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