Luxembourg is one of the smallest sovereign states in Europe. It is one of the three official capitals of the European Union, with Brussels and Strasbourg.
Luxembourg is officially called the Grand Duchy of Luxembourg. It is the seat of the European Court of Justice, the highest law court in the EU, and of several other EU institutions and agencies. The country has three official languages: Luxembourgish, French and German. This is an automatic compilation of all DW content on Luxembourg.
EU-UK ties won't be "frictionless," but there's no need for a wall between neighbors, EU Council President Tusk has said. Still, his guidelines have poured cold water on British calls for a post-Brexit free trade deal.
First the Panama Papers, then the Paradise Papers. Now pressure is on the EU to curb tax evasion by multinationals and the wealthy. Now it's put together its first ever blacklist of 17 tax havens. Provoking criticism that no EU countries themselves have been named and shamed.
EU Commissioner Pierre Moscovici defends his call for a black list of tax havens following the Paradise Papers scandal. Some critics say the plan won't go far enough if it doesn't include British offshore centers and Luxembourg.
You earn money in one currency, but took out a major loan in another. What happens if the bet backfires: your currency dips and you can't service the debt? The ECJ has ruled that the bank should have clearly warned you.