Luxembourg's secret euro plan

LUXEMBOURG - Luxembourg was prepared to break up its monetary union with Belgium at the height of the crisis in Europe's exchange rate mechanism (ERM) in 1993, the country's prime minister has revealed.

The news comes as Luxembourg, the smallest member of the eurozone, revealed that in September it destroyed thousands of coins and notes it was hoarding in the event its monetary union with its larger neighbour collapsed. With the launch of the euro as a cash currency on 1 January 2002,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: