Thursday, April 22, 2010

IMF Recommends Luxembourg Adapt Post-Crisis Policies

Some kind and timely words from the IMF, at a moment when the Luxembourg social-democratic model is under strain. Nothing anyone in Luxembourg wouldn't know. But it is so good to hear from abroad, what those people were told by Luxembourg authorities. The same authorities take great pain not to upset the applecart by telling their own constituents the same candid message. It's a syndrome called tripartite. Let the IMF do it then. Here it is.

IMF Recommends Luxembourg Adapt Post-Crisis Policies

Wednesday, April 21, 2010

Luxembourg Unveils Ambitious Tax Plans

An interesting summary of what is going on in Luxembourg, confronted with the need to get its public finances in order. Not a tax haven for everyone?
Luxembourg Unveils Ambitious Tax Plans

Sunday, April 18, 2010

Luxembourg: “Fuel Tourism” Increases CO2 Emissions Nonsense

http://www.allvoices.com/contributed-news/5634129-luxembourg-fuel-tourism-increases-co2-emissions

This stupidity of an OECD "expert study" is going to hang around for a couple of weeks. Please explain why a car is polluting more if it is filled up on the other side of the border. Gurria, when you are right, I'm with you. Not on this one. You are losing your credibility when you put out and promote this garbage. You have an axe to grind, it seems to me.
Even disregarding the fact that the manmade global warming has its own credibility issues.

Sunday, April 11, 2010

Thursday, April 8, 2010

OECD says Luxembourg should do more to clean up its environment

This is a new paper by OECD:

http://governancefocus.blogspot.com/2010/04/oecd-says-luxembourg-should-do-more-to.html

Now this is getting out of hand. While criticism maybe justified to fustigate Luxembourg as a tax haven, this new criticism is a monument of hysteria, ill will, bad scientific methodology and an intolerable interference in a member's policies. Hopefully someone has the guts to send that message. Unless it is politically more expedient to join the hysteria, gather the votes coming with that and deprive the country of a source of income that comes from totally acceptable tax competition. No emissions are saved if Luxembourg artificially stops "tank tourism".

Friday, March 26, 2010

Luxembourg -Greece: Is there a pilot in the plane?

Unfortunately the great European construction has been flawed from the beginning, when politicians didn't muster the courage to define the real final goal of European integration. The good will of the Founding Fathers has been largely betrayed since, and the construction became a lamentable shack by compromise: appointed officials, a menu of policies to choose from and misguided decisions on Governance, Foreign Policy, Defense, Schengen, and the Euro. All are suffering from the absence of European-wide acceptance, implementation and enforcement. Of course among them the Euro that is not backed by a common economic policy and has many guardians, some clueless when a crisis shows up.

Here is what you get as an example of the cacophony. The sampling is limited to Luxembourg: it doesn't consider what was said by other officials from ECB, the Commission or any other supposed guardian of the grail:

BERLIN, March 25 (Reuters) - If Greece ends up calling on the International Monetary Fund for financial aid it would damage the European single currency, Luxembourg's Foreign Minister Jean Asselborn said on Thursday.

http://www.reuters.com/article/idUSLDE62O0AA20100325

THAT'S THE VICE PRIME MINISTER ON REUTERS. FOLLOWS THE PRIME MINISTER WITH THE OPPOSITE MESSAGE ON AGENCE FRANCE PRESS. SAME DAY. IS THERE A PILOT ONBOARD?

By Agence France-Presse, Updated: 3/25/2010

Eurozone's Juncker sees IMF in Greek rescue mix

The finance chief for the 16 nations that share the euro currency said on Thursday he envisaged IMF funding being at the heart of a rescue for debt-stricken Greece.

http://news.malaysia.msn.com/business/article.aspx?cp-documentid=3991323