Finland’s Finance Minister Jutta Urpilainen said she will continue in her job after switching three ministerial posts in her Social Democrat party’s first reshuffle since joining the government in 2011.
German Defense Minister Thomas de Maiziere said the government will scrap any future defense projects with cost overruns as he defended the termination of a 508 million-euro ($653 million) order for Euro Hawk drones.
Chancellor Angela Merkel must ditch coal in favor of cleaner gas power plants to protect the climate, said the co-leader of Germany’s Greens party, urging a redoubling of efforts to raise carbon prices in the world’s biggest cap-and-trade program.
Chancellor Angela Merkel called on Germans to sweep away decades of reticence and face up to “some hard truths” in accepting policy changes from immigration to education needed to keep Europe’s biggest economy competitive.
Swedish Finance Minister Anders Borg said the country would need to act should additional krona strength add to pain for exporters, sticking by comments made earlier this week that drew fire from opposition politicians.
Austria is pushing the European Union to take a tougher stance toward offshore financial centers in a long-delayed tax agreement in an effort to overcome political deadlock when EU finance ministers meet next week.