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The Heritage Foundation, in cooperation with the Wall Street Journal, has just published its 2011 Index of Economic Freedom. This survey compares the levels of trade, business, fiscal, monetary, financial, labour and investment freedom in 179 countries. Luxembourg is ranked 13th worldwide with a score of 76.2 (up 0.8 on last year). Within the European region, Luxembourg is fourth out of 43 countries, behind Switzerland and fellow EU states Ireland and Denmark, but ahead of the UK (16th), Germany (23rd) and France (64th).
What the report says about Luxembourg
"Luxembourg has long benefited from a favourable climate for entrepreneurial activity and high levels of openness and flexibility. Prudent financial regulations have supported...
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