Word: luxembourg
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...flutter from the tower that overlooks the quaint, newly restored town of Bitburg. The two flags symbolize the friendship that Bitburg's German residents and the 10,600 Americans connected with the U.S. air base there have come to associate with their haven in the Eifel hills near the Luxembourg border. Each year since the cemetery was consecrated in 1959, American and French military officials have joined Germans in a wreath-laying ceremony at Kolmeshöhe. This year Ronald Reagan intends to place a wreath there, and late last week, the cemetery guard had just finished polishing the headstones...
...hark back with nostalgia to the '50s and '60s, the golden age of the dream of Continental unity. By 1957, with the signing of the Treaty of Rome, the European Economic Community had come into existence. The agreement committed the original six members--France, West Germany, Belgium, the Netherlands, Luxembourg and Italy--gradually to eliminate trade barriers and harmonize economic policies...
DIED. Charlotte Aldegonde Elisabeth Marie Wilhelmine, 89, beloved Grand Duchess and constitutional ruler of Luxembourg from 1919 until 1964, when she abdicated in favor of her son Grand Duke Jean, the present head of state; at Fischbach Castle near Luxembourg City. Chosen in a special post-World War I plebiscite to replace her German-leaning older sister, she tended to her largely ceremonial duties with intelligence, charm and a lack of pomp. During World War II, her radio broadcasts from exile in Great Britain did much to build morale. Afterward, she helped guide her tiny principality...
...opinion "is very positive for them." The impact goes far beyond Britain. The tax codes of many E.U. member states treat domestic entities differently from foreign ones, and they could also be on the hook for huge back claims. Indeed, at the oral hearing of the case in Luxembourg on Feb. 1, representatives of seven E.U. governments - Finland, France, Germany, Greece, Ireland, the Netherlands and Sweden - turned up to argue against Marks & Spencer. Only the European Commission backed the firm. Germany could be one of the biggest losers. Isabelle Kronawitter, an economist at HVB Bank in Munich, calculates that...
...Britain is no longer a relatively poor member state, as it was then, but one of the richest. Britain is set to take over the rotating six-month E.U. presidency in July, so optimists are hoping that current president, Luxembourg, can craft a workable compromise before then. Don't hold your breath. Cross-Border Bank Raid Italian banks are suddenly under assault from European rivals. ABN Amro of the Netherlands is expected to announce a bid for Banca Antoniana Popolare Veneta, Italy's ninth-largest bank, as early as this week. That follows this month's €6.5 billion...