Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label Luxembourg. Show all posts
Showing posts with label Luxembourg. Show all posts
September 13, 2026
I'm Extremely Worried by Extremists That Win Elections in Europe: Luxembourg's PM Luc Frieden
Labels:
AfD,
European Union,
extremism,
Luc Frieden,
Luxembourg
September 07, 2017
Luxembourg 'Wasn't Aware Britain Had a Brexit Strategy', Says Trade Boss
Labels:
Brexit,
Luxembourg
July 24, 2012
SPIEGEL ONLINE INTERNATIONAL: The debt crisis is threatening Germany's top credit rating. Moody's changed its outlook for Germany, the Netherlands and Luxembourg to negative from stable late on Monday. The German Finance Ministry said the country would remain an anchor of stability in the 17-nation euro zone.
Moody's Investors Service on Monday cut its outlook for Germany's creditworthiness to "negative" from "stable," but confirmed the country's triple-A rating.
Moody's also cut its outlook for the Netherlands and Luxembourg, which also have triple-A ratings, to negative from stable. Finland kept its stable outlook.
The ratings agency said the move was due to growing uncertainty caused by the debt crisis.
It said there was an increased chance that Greece could leave the euro zone, which "would set off a chain of financial sector shocks ... that policymakers could only contain at a very high cost."
It also warned that Germany and other countries rated AAA might have to increase support for ailing countries such as Spain and Italy. The burden of that support would fall most heavily on the euro zone's top-rated states, it said. » | cro -- with wire reports | Tuesday, July 24, 2012
Labels:
credit rating,
Germany,
Luxembourg,
Moody's,
Netherlands
May 05, 2010

NZZ ONLINE: Auch die Luxemburger müssen wegen der Wirtschaftskrise den Gürtel enger schnallen. Die rund 500'000 Bürger des Grossherzogtums erhalten in den nächsten Jahren weniger Leistungen des Staates und müssen höhere Steuern zahlen.
Das kündigte Premierminister Jean-Claude Juncker am Mittwoch vor dem Parlament in Luxemburg an. Die schwarz-rote Koalition von Christsozialen und Sozialdemokraten wolle allerdings die Geringverdiener nicht zusätzlich belasten.
Unter anderem soll in den nächsten beiden Jahren eine «Krisensteuer» von 0,8 Prozent auf alle Einkommen und Dividenden erhoben werden. Das soll zusätzlich 80 Millionen Euro pro Jahr in die Staatskassen spülen. Die Solidaritätssteuer wird von 2,5 auf 4 Prozent erhöht - für Grossverdiener mit mehr als 300'000 Euro steuerpflichtigem Einkommen auf 6 Prozent. >>> sda/dpa | Mittwoch, 05. Mai 2010
Labels:
Luxembourg,
Luxemburg,
Sparmaßnahmen
March 05, 2009
THE TELEGRAPH: European judges have backed Britain's compulsory retirement age of 65.
The verdict in Luxembourg amounts to a defeat for Age Concern's legal battle to banish enforced retirement at 65, but the final decision still rests with the UK High Court.
The European Court of Justice acknowledged that EU rules do ban employment discrimination on grounds of age but ruled the age could be enforced if it was related to employment policy or if it would help the labour market.
The High Court, which sent the case to Luxembourg for clarification of the law, will now have to make a final ruling on whether the aims of the Government's 65 retirement age are "legitimate".
The UK's Employment Equality (Age) Regulations, introduced in 2006, ban age discrimination but exclude pensioners, who can be dismissed at 65 without redundancy payments, or at the employer's mandatory retirement age if it is above 65. >>> | Thursday, March 5, 2009
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