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.
Finnish Prime Minister Jyrki Katainen’s unexpected decision to resign lifted Economy Minister Jan Vapaavuori to among the favorites to become the next premier as the ruling parties see no need for early elections.
Czech Prime Minister Bohuslav Sobotka is clashing with billionaire Finance Minister Andrej Babis over budget spending, a sign of strain in the coalition government as it heads for talks on next year’s public finances.
Germany’s coalition and the Verdi union yesterday secured a pay deal for government workers that may prompt similar demands in other sectors and add to industry concern about the rising costs of investing in the country.