Vaclav Klaus of Czech Republic Signs Lisbon Treaty

Czech President Vaclav Klaus signed the European Union's Lisbon Treaty Tuesday, paving the way for the bloc's reform treaty to become law within a matter of months.

The move was welcomed by the president of the European Commission as well as by Czech and European politicians, analysts and the market, helping the Czech currency to strengthen against the euro.

Vaclav Klaus, the Czech president, this afternoon signed the Lisbon treaty, finally completing the ratification process of the charter designed to transform Europe into a more unified and influential global player.

Klaus, widely known for his Eurosceptic views, announced that he had signed the treaty at Prague Castle after the Czech constitutional court announced its decision that the document, which has already been ratified by all 26 other EU countries, does not violate the country's constitution.