Who knows a lot about the economic and political situations in the country Luxembourg in Europe?

Answer #1

I live very close to the border of Luxembourg and go there often, what do you want to know?

Answer #2

The Political System, Current Economic Situation, The Main Political Parties And A Challenge The County is Facing Today…It’s a lot, but just tell me what ever it is you know :D

Answer #3

Luxembourg’s political situation is completely integrated into the European Union. Luxembourg City is one of the EU capitals as well as a major European financial centre, so it regularly hosts high level summits and gets lots of investment. It’s one of the few European countries where the presiding monarch, the Grand Duke, still has actual power within the government. Luxembourg’s Prime Minister is also the president of Eurogroup, and is looking to invest heavily in the developing economies of Eastern Europe. He’s already met recently with Medvedev from Russia and Azarov from Ukraine to discuss such deals.

Luxembourg has a large Portuguese minority. Most European countries rely on cheap labour from other countries, and for Luxembourg, that country is Portugal. The Portuguese work many of the vineyards along the Mosel as well as the steel mills, rubber, and chemical plants.

It has a great economy. It’s got one of the highest per capita incomes in the world, I think still the highest in Europe. But the 2008 recession and subprime mortgage crisis hit Luxembourg very hard. The country got a stimulus and it’s getting better now, slowly. I think Luxembourg is going to have more trouble recovering from the recession simply because it is so heavily dependent on the financial sector and because its labour force is so small in comparison to its neighbours.

I really don’t know much about Luxembourg’s political parties beyond what I occasionally see in the news. The CSV is the dominant party there right now, and that’s what party Juncker, the PM, is from. The country has a parliament of course, and it’s divided into communes rather than provinces, each of which is headed by a mayor. In the country’s political system, the mayors have quite a bit of power over their communes, and if you want to run for parliament or be appointed to a high office, the best political “springboard” is to first serve as mayor.

I see you are from Liege, is that right? So you’re not far either!

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