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In the Papers
A daily look at some of the stories in the international papers.
TAX HAVENS
OECD removes Luxembourg from 'grey list'
Luxembourg has been removed from the OECD's 'grey list' of countries that have yet to sign international agreements guaranteeing financial transparency.
EU
Luxembourg PM Juncker could give up Eurogroup chairmanship
Luxembourg's PM Jean-Claude Juncker announced he would likely pass the national finance ministry to a party colleague, a move that would require him to give up the post of Eurogroup chairman he has held since 2005.
LUXEMBOURG - LIECHTENSTEIN
New treaty will adopt OECD rules on tax reporting
Luxembourg and Liechtenstein announced plans on Friday to conclude a treaty in line with the Organisation for Economic Cooperation and Development's rules on tax reporting. Both powers are under pressure to revise their laws on banking secrecy.
EUTHANASIA
Luxembourg becomes third EU country to legalise euthanasia
Following Belgium and the Netherlands, Luxembourg has decided to legalise euthanasia despite the resistance of the head of state - the deeply Catholic Grand Duke Henri, who refused to sign off the bill.
BANKING
'They hope to weather the storm by keeping a low profile'
Less than three weeks from the G20 summit, several countries have announced that they will relax their banking secrecy laws. Christian Stoffaës, a professor at Paris-Dauphine University, comments on the situation.
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LUXEMBOURG
Mini summit meets to defend banking secrecy
Luxembourg, represented by its Treasury Minister Luc Frieden (photo), hosts a summit with Austria and Switzerland on Sunday to decide how best to defend banking secrecy against critics of tax havens as a G20 summit on the subject approaches.
LUXEMBOURG - BANKING
The Grand Duchy has grander fears
With some 300 lending bodies, including the headquarters of the European Investment Bank, Luxembourg is home to the greatest concentration of banks in the European Union. But the landlocked nation hasn't been sheltered from the financial storm.
financial crisis - Luxembourg
Luxembourg at the heart of the storm
This week we take you to Luxembourg, a bank haven not immune to the financial crisis. Also in our show: the credit crunch brings Iceland to a standstill; Turkish forces pound Kurdish rebels in Iraq; and Nobel peace prize winner Martti Ahtisaari.
BANKING CRISIS
Dehaene to be new chief of French-Belgian bank Dexia
The Belgian government has announced that Jean-Luc Dehaene will be the new president of embattled French-Belgian bank Dexia, following Belgian Prime Minister Yves Leterme's statement that he was committed to saving the bank.
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