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The Grand Duchy of Luxembourg, strategically placed at the conjunction of the most prosperous parts of Belgium, France and Germany, has long benefited from this culturally neutral niche. It is also proud of its role as one of the six founders of the EU. But as Luxembourg and the other qualifying EU member states prepare for monetary union, there are undercurrents of concern in the Grand Duchy about the threat to its thriving financial centre from a single currency and other harmonization proposals. |
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