Mon, Apr 08, 2013 - Page 15 News List

Rich Luxembourg faces scrutiny

TICKING TIME BOMB?The banking sector in the EU’s wealthiest country, which is several times bigger than its economy, has invited comparisons with that of Cyprus

AP, BRUSSELS

“Strengthen your banks, fix your balance sheets and realize that if a bank gets in trouble, the response will no longer automatically be ‘we’ll come and take away your problems,’” he said.

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