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Luxembourg must ‘reform without a crash’ to avoid fate of Greece and Italy, says Carlo Thelen

12.06.2026 - Luxembourg Times

In the press

Chamber of Commerce chief warns that Luxembourg’s economic and social model is reaching its limits.

The Luxemburger Wort sat down for an interview with Carlo Thelen, head of the Chamber of Commerce, on the sidelines of the Nexus technology conference at Luxexpo this week. Thelen was just as impressed by the Grand Duchy’s innovative strength as he was negatively struck by the shortcomings surrounding an overly spendthrift fiscal policy.
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