Wednesday, 22.05.13 · 8:51
Understanding Luxembourg:
current affairs, business,
lifestyle,
culture
current affairs, business,
lifestyle,
culture
Business
Published 03.05.2013
ESM more than half funded
Sovereign debt: The euro area’s rescue fund has jumped from 40% to 60% of its financing capacity. The euro zone’s governm... 
Business
Published 03.12.2012
Rescue fund downgraded
Sovereign debt: One of the three main global rating agencies has cut the top-notch credit score of Luxembourg’s two euro zone bailout funds. Moody’s Investors Service has downgraded the credi...
Business
Published 28.11.2012
ESM gets 2nd court OK
Euro zone: Europe’s permanent rescue agency was properly formed and can commence operations, the EU’s top court has ruled. The euro zone’s new bailout fund, the European Stability Mechanism...
Business
Published 10.10.2012
Euro fund launches
Economy: Europe’s permanent bailout fund officially got off the ground during a summit in Luxembourg this week. The European Stability Mechanism formally launched and held its inaugural board meeti...
Business
Published 17.09.2012
Moody’s keeps EFSF warning
Euro crisis: One of the world’s main credit ratings agencies has kept the euro zone’s rescue fund on its downgrade watch list. Moody’s reiterated its top-notch AAA rating on the European Fi...
Business
Published 13.09.2012
Bailout agency gets OK
Europe: Germany’s Federal Constitutional Court has cleared the path for the euro zone’s permanent rescue fund in Luxembourg to begin operations. The court rejected on Wednesday an injunction requ...
Business
Published 10.07.2012
Juncker, Mersch, Regling named
Brussels: Two Luxembourger leaders have secured top euro zone positions while the new Luxembourg-bas...
Business
Published 25.06.2012
Tobin Tax tussle
EU: European economy and finance ministers remained divided on a financial transaction tax during their meeting in Luxembourg on Friday. Enacting a “Tobin Tax”--named after Nobel Prize wi...
Current affairs
Published 17.01.2012
Rescue fund relegated
Sovereign debt: In a widely anticipated move, the credit rating of the euro zone’s bailout fund was downgraded by Standard & Poor’s Monday night. The move comes after the the American ratings...
