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Extract from the speech by Mr Ernst Wilhelm Contzen, Chairman of the ABBL
... The ABBL, and the employers associations more generally, are regularly being accused of wanting to destroy the Luxembourg social model. We hear this accusation from trade unions, obviously, but also from politicians. In his state of the nation speech, our Prime Minister said he was tired of our Komptivititsgesusel: our constant insistence on Luxembourgs competitiveness. Let me tell you, there is a very good reason why we keep insisting on this issue: it is the only way to maintain our social model. In fact, I strongly believe that our financial centre is the guarantor of this countrys social and financial well-being. We...
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