An overview of luxembourg

Luxembourg history

Generations of British listeners grew up with Radio Luxembourg, which beamed pop music programmes into the UK. The economy has evolved and flourished, posting a strong GDP growth rate that far outpaces the European average of 1. Even though Luxembourg was impacted by the global economic crisis that began in , the country continues to enjoy an extraordinary high standard of living. Today, Luxembourg is a hereditary Grand Duchy with a unicameral parliamentary system. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends. Luxembourg is the second-wealthiest country in the world in terms of GDP per capita the first in the EU and has one of the highest current account surpluses as a share of GDP in the euro zone. Agriculture and wine production are also important. Luxembourgish, the national language, is akin to German. The country has a highly developed economy, with the highest Gross Domestic Product per capita in the world U. He later underwent officer training at Britain's Sandhurst Academy. The official languages of Luxembourg are Luxembourgish, French, and German. According to the national agency Statec, the economy should grow by 4. It was an important bastion along the Spanish road when Spain was the principal European power influencing the whole western hemisphere and beyond in the 14th—17th centuries. The vote was called after Jean-Claude Juncker of the Christian Social Party, who had been prime minister since , lost his majority in parliament when the Socialists quit his coalition in July over a phone-tapping scandal.

Luxembourg experienced uneven economic growth in the aftermath of the global economic crisis that began in late Likewise, changes to the way EU members collect taxes from e-commerce has cut Luxembourg's tax revenues, requiring the government to raise additional levies and to reduce some direct social benefits.

Luxembourg is a trilingual country; FrenchGermanand Luxembourgish are official languages. The unemployment rate 5. Luxembourg lies on the cultural divide between Romance Europe and Germanic Europe, borrowing customs from each of the distinct traditions.

It is largely made up of rolling hills and forests. The country continues to enjoy an extraordinarily high standard of living - GDP per capita ranks among the highest in the world and is the highest in the euro zone.

Most banks are foreign owned and have extensive foreign dealings. Generations of British listeners grew up with Radio Luxembourg, which beamed pop music programmes into the UK.

luxembourg french

The head of state's constitutional role is largely ceremonial, and in parliament further restricted it by rescinding the monarch's right to veto legislation. The vote was called after Jean-Claude Juncker of the Christian Social Party, who had been prime minister sincelost his majority in parliament when the Socialists quit his coalition in July over a phone-tapping scandal.

Luxembourg has one of the highest current account surpluses as a share of GDP in the euro zone, and it maintains a healthy budgetary position and the lowest public debt level in the region. Full independence was attained in He later underwent officer training at Britain's Sandhurst Academy.

Located at the heart of Europe, Luxembourg has established a reputation as a favoured location for a wide range of international companies from a variety of sectors with diverse business models.

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Luxembourg Economy