Prime Minister Antonis Samaras said he expects Greek bond yields to decline further and signaled he has no immediate plans to sell more debt, as a recovery takes hold in the former epicenter of the euro region’s debt crisis.
Polish Prime Minister Donald Tusk proposed a Europe-wide energy union, including a single body charged with purchasing gas supplies, as a means of breaking Russia’s “stranglehold” over the region’s energy market.
Jasmin Eicher has already axed her sole full-time employee to keep afloat her shop selling cards, candles and paper in a Zurich suburb. If Switzerland approves what would be the world’s highest minimum wage, she says the only option would be to close her door.
Germany’s biggest utilities face dwindling market shares as the shift to renewable energy spurs regional power generation and storage technology, a senior member of Chancellor Angela Merkel’s party said.
Angela Merkel wasn’t in a hurry to inflict economic pain on Russia. Cautious, pragmatic and mindful of German business ties to the country, the chancellor tried to defuse the Ukraine crisis through back-channel diplomacy and frequent phone calls with Russian President Vladimir Putin.