Argentine President Cristina Fernandez de Kirchner increased a tax on credit card purchases abroad ahead of the southern hemisphere summer vacation period to stem a hemorrhaging of reserves to a seven-year low.
Norway’s Prime Minister Erna Solberg said pushing through a budget designed to avoid krone appreciation marks her first step toward weaning western Europe’s biggest crude producer off its oil reliance.
Chancellor Angela Merkel will meet with leaders of the opposition Social Democrats today in a bid to lay the ground for a new German government, 12 days after she won her party’s best election victory since 1990.
Norway’s Prime Minister Jens Stoltenberg is making taxing the rich a focal point as he tries to overcome a deficit in the opinion polls seven months before elections in western Europe’s biggest oil producer.
German Chancellor Angela Merkel’s party allies said a partnership with the environmental Greens is realistic, raising pressure on the Social Democrats as SPD leaders showed signs of compromise on proposed tax increases.
German Chancellor Angela Merkel’s party said it will hold exploratory talks with the Social Democrats at the end of the week as each side dug in for the prospect of months of negotiations to form a government.