Euromoney (February Issue)
“London and Luxembourg are at loggerheads to become Europe’s leading offshore renminbi hub—although they wouldn’t let you know it.” Right now the competition looks evenly matched. “Competition, not cooperation, between the financial centres is spurring on the internationalization of the renminbi. The competition continues. And this is a good thing.”
Tags: Competition, Cooperation, Europe, Hub, Internationalization, London, Luxembourg, Offshore, Renminbi
Euromoney (October Issue)
“Today, Luxembourg’s streets are filling with Chinese bankers. They see the Grand Duchy as a hub for their European operations—not least for trading and settlement of the renminbi. Are London, Frankfurt and Paris in danger of being left behind?”
Tags: Chinese bankers, European operations, Frankfurt, Hub, London, Luxembourg, Paris, Renminbi, Settlement, Trading
The Telegraph (August 30)
In a finding unlikely to shock many, an international study reveals “the UK is the worst nation in Europe for the teaching of foreign languages.” The best nations are Luxembourg, Finland and Iceland where the average schoolchild learns more than 2 foreign languages. In contrast, children in the UK learn just 1, down from 1.3 in 2002.
