Luxembourg to End Decades of Banking Secrecy - Presented by: The Aol. On Network

Decades of bank secrecy have made the tiny country of Luxembourg rich - and one of the biggest financial centres in Europe. Now it's lifting those rules for EU citizens who have savings based in the country. The sharp change of policy will take effect at the start of 2015 and follows lobbying by Germany and the European Commission. Jean-Claude Juncker is Luxembourg's Prime Minister.



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