Economics

“In a changing world Luxembourg needs to find its place”

Speaking at the 53rd “Journée de l'ingénieur” Luc Frieden highlighted the need to rethink the Tripartite model, as well as pensions and wages, in order to secure a long-term future for the Grand Duchy.

14.03.2012

(CS) Speaking at the 53rd “Journée de l'ingénieur” Luc Frieden highlighted the need to rethink the Tripartite model, as well as pensions and wages, in order to secure a long-term future for the Grand Duchy.

“In Luxembourg we have created a great system, but it doesn't have a long-term future,” he said at the event on Saturday. Frieden added that it wasn't enough to look at short-term problems created by the financial crisis, but that it was necessary to address worldwide change affecting the country.