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Czech President Václav Klaus accepted the resignation of Prime Minister Mirek Topolánek’s cabinet on Thursday saying that what was now important was for a new government to be formed as soon as possible. The president said that he would entrust the running of the country to whoever was able to garner more than 101 votes in the Lower House of the Czech Parliament.

Mr Klaus said that he was against the idea of snap elections or a caretaker government in light of the current financial crisis and the Czech Republic’s EU presidency. He stressed that he would meet the leader of the opposition Social Democrats, Jiří Paroubek, and Christian Democrats, Jiří Čunek on Friday. Mr Topolánek agreed that time was of the essence in forming a new government. President Klaus said that no new government should be founded on the votes of rebel MPs. It was four rebel MPs who voted with the opposition on Tuesday to topple the government coalition.