Luxembourg

Luxembourg's Mersch on the role of the euro

In a speech on 'The international role of the euro' given on 11 November, Yves Mersch of the Central Bank of Luxembourg said the Eurosystem has been a strong supporter of financial market integration in the EU. The introduction of the euro itself has…

Mersch on reform of the ECB's Governing Council

In a speechon 'The reform of the Governing Council of the ECB' Yves Mersch of the Central Bank of Luxembourg said particularly important and heartening, in his eyes, after the Council's approval of the enabling clause was the fact that a handful of…

Interview - Luxembourg central bank's Yves Mersch

FEATURE - Luxembourg Central Bank governor Yves Mersch said the European Central Bank is awaiting hard evidence of an upturn in the euro zone's manufacturing sector before raising interest rates. In an interview with AFX News he also said the decision of…

OECD ponders action against tax havens

SWITZERLAND - Switzerland and Luxembourg could face financial sanctions if they continue to refuse to commit themselves to an international initiative against harmful tax practices.

No Mersch comment on ECB VP position

GERMANY - Luxembourg's central bank governor, Yves Mersch, is declining comment for the time being on his interest in a potential nomination for the vice-presidency of the European Central Bank.

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.

Search on for new European Central Bank President

EUROPE - Yesterday, 28 June, Prime Minister Jean-Claude Juncker of Luxembourg confirmed that he was approached about the job, although he said he wouldn't want it. Mr. Juncker's comments are viewed by the media as the first evidence the European Union…

Clearstream to refute Secret-Acts charges

Luxembourg's central bank said Feb 26, 2001 that clearing and settlement group Clearstream has given assurances to the authorities here it will "take steps to refute allegations" that it set up thousands of secret accounts for its clients, including…

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