Word: luxembourger
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...concert in Madrid, the lights went out during a performance of Stravinsky's The Firebird; the orchestra played on in the dark from memory. When a flight to Luxembourg was canceled, the orchestra arrived by bus 15 minutes before concert time and with no luggage. The musicians played in sweaters and slacks. In Seville, the orchestra arrived during a flood (the concert became a benefit for flood victims), and in Aleppo, Syria, a bomb exploded outside the hall during the concert. Inside, the orchestra played calmly through a new orchestral version of the Syrian national anthem, hastily drafted...
Clearly, a lot of litigation lies ahead. The Common Market members are thin on legal precedent in the antitrust field: France, Germany, Belgium and The Netherlands have relatively lax national antitrust laws, while Italy and Luxembourg have none at all. This free-and-easy situation results partly from the reality that the economy of Italy, for example, can support only one automaking giant such as Fiat. The Common Market trustbusters are not expected to attack bigness as such. But they are expected to crack down on "abuses" of bigness such as price fixing and market sharing. Officials of VerLoren...
...past four weeks in Brussels, such questions have engaged and enraged delegates from the six Common Market nations-France. Italy. West Germany, Belgium. Luxembourg and The Netherlands. After four years of remarkable headway, the Common Market had momentarily stalled. The obstacle was agriculture in all its earthy details and behind it the sturdy, stubborn European peasant...
Soaring Shares. The Common Market has put the topping on the European fund boom. Two years ago, a syndicate of banks from six European countries headed by Brussels' Banque Lambert set up a mutual fund, EURUNION, in Luxembourg, where mutual funds are exempt from taxes. Spreading its investment among 93 Common Market companies, EURUNION has increased its assets from $12 million to $33 million in two years. EURUNION's archrival, VALEUROP, which is run by another syndicate of banks including the Amsterdamsche Bank, Banque de la Société Générale de Belgique...
...France, the government has yet to put into effect a law authorizing French open-end funds-but allows foreign-based funds to be sold. In Italy, to skirt laws against mutual fund operations, the sponsors of Interitalia, a fund specializing entirely in Italian shares, decided to incorporate in Luxembourg...