Word: luxembourg
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...Luxembourg) of the E.U.'s 27 members expect to break the deficit ceiling in the coming year. In such circumstances, the E.U. should suspend the pact immediately, says Daniel Gros, director of the Brussels-based Centre for European Policy Studies. "It means it doesn't break - it bends. And it is ready to bounce back," he says. "We could then reaffirm them when we have a better idea of where the economy is going." Not that anyone knows when that will...
...they're talking, it sounds as if many European leaders don't want to give their American peers much choice in the matter. German host Chancellor Angela Merkel said the group-France, Italy, Britain, Luxembourg, Spain, the Netherlands and Czech Republic-had agreed to measures they will insist be adopted at the G20 meeting in London in early April. "All financial markets, products and participants including hedge funds and other private pools of capital which may pose a systematic risk must be subjected to appropriate oversight or regulation," Merkel said in a summit statement. "A clear message and concrete action...
...officially obsessed with any way of life that facilitated consumption of these suckers on a regular basis.The true Italian in me was determined to dislike the French from the moment I stepped into the living museum that is Paris. After a week of spontaneous picnics in the Jardin du Luxembourg, afternoon jogs beneath the Eiffel Tower and walks at dusk across the Pont Neuf, I told my dad over Skype that Paris would be the most amazing place in the world if we could just get rid of the French. He suggested that such negativity was perhaps...
...decriminalize drug use. Outlawed drugs cannot be regulated, and profits go directly to the enemies of society. Illicit users find it harder to seek treatment, for fear of prosecution, and are at greater risk of losing legitimate sources of income, leading to increased criminality in society. Glenn Lawyer, LUXEMBOURG...
...Henri wants to avoid popular dissent around his reign, which may help explain his decision to cede political authority in order to hold on to the Duke's role as symbol of national unity. Michel Pauly, a professor of transnational Luxembourg history at the University of Luxembourg, says stripping the Duke of any legislative authority is the "natural democratic evolution" of the country, and predicts that Luxembourg will eventually go down the path of the purely ceremonial monarchy in place in countries such as Sweden and Denmark...