As Japan girds for a wallop to spending from a looming sales-tax increase, discussion in the nation’s parliament turns to history -- not to 1997, when the last bump in the levy helped trigger a recession, but to 1937.
Socialist parties are likely to be the top vote-getters in the European Parliament elections in May, raising the chances that Germany’s Martin Schulz will become the next president of the European Commission, an analysis of poll data showed.
Japanese labor unions said they clinched their biggest raises in years as Prime Minister Shinzo Abe calls for companies to boost wages to help put the world’s third-largest economy on a path to sustainable growth.
The first-ever popular campaign for European Commission president got under way with Jean-Claude Juncker, a former prime minister of Luxembourg, winning the nomination of Europe’s center-right parties.
Greek Prime Minister George Papandreou aims to force opposition parties’ hands by calling a referendum on the latest European Union bailout effort, Martin Schulz, floor leader of the Socialists in the European Parliament, said in an interview with Der Spiegel.
Martin Schulz, president of the European Parliament, and the finance minister of Germany’s North-Rhine Westphalia call for an effective bilateral tax treaty with Switzerland as a prerequisite for a necessary EU- wide rule.