My holiday read this year was Animal Farm, which has been published in Luxembourgish by Ernster. A good choice to revisit this story at a time when nearly every indicator suggests that democracy is in decline around the world and it’s likely to get worse in the year ahead.

Revolut is now the most valuable startup in Europe, originating from a country where monetary resources are incomparably lower than those in Luxembourg. And yet…

Bissen, Luxembourg, is among the locations for the seven proposed AI factories set to be established across the European Union.

Each participating country is a huge winner and will contribute to this transformation by attracting new talent while leveraging existing expertise.

This is extremely concerning, not only because today 1 in 7 workers in Luxembourg is at risk of poverty, but also because it reflects a trend the country has been unable to address for the past 20 years, and it is just getting much much worse.

So, you check the bank’s website to see what you can afford. Let’s say, in the meantime, your salary has increased to €5,200 net, and you’ve saved €20k for a down payment. Based on this, you might afford a property priced around €560k. (6)