{"id":2831,"date":"2013-03-15T06:37:44","date_gmt":"2013-03-15T06:37:44","guid":{"rendered":"https:\/\/www.welingkar.org\/blogs\/?p=2831"},"modified":"2026-02-17T19:41:15","modified_gmt":"2026-02-17T19:41:15","slug":"make-luxombourgh-your-gateway-to-europe-hem-gaston-stronck-ambassador-of-luxembourg-in-india","status":"publish","type":"post","link":"https:\/\/www.welingkar.org\/blogs\/make-luxombourgh-your-gateway-to-europe-hem-gaston-stronck-ambassador-of-luxembourg-in-india\/","title":{"rendered":"Make Luxombourgh your gateway to Europe &#8211; HEM Gaston STRONCK, Ambassador of Luxembourg in India"},"content":{"rendered":"<p><a href=\"https:\/\/www.welingkar.org\/blogs\/wp-content\/uploads\/2013\/03\/DSC_2200.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-medium wp-image-2833\" title=\"DSC_2200\" src=\"https:\/\/www.welingkar.org\/blogs\/wp-content\/uploads\/2013\/03\/DSC_2200-300x198.jpg\" alt=\"\" width=\"300\" height=\"198\" \/><\/a>\u201cIt is a changing world. Public spending leads to public deficit.EU countries have borrowed heavily and as a result their budgetary disciplines are stretched to provide higher salaries, higher healthcare, higher pension plans etc. The\u00a0turbulence faced by the EU is more of a social crisis then financial &#8221; said HEM Gaston STRONCK, Ambassador of Luxembourg in India ,while addressing the students and faculty at WeSchool recently.<\/p>\n<p><a href=\"https:\/\/www.welingkar.org\/blogs\/\/wp-content\/uploads\/2013\/03\/MAP.jpg\"><img decoding=\"async\" class=\"alignleft size-full wp-image-2834\" title=\"MAP\" src=\"https:\/\/www.welingkar.org\/blogs\/\/wp-content\/uploads\/2013\/03\/MAP.jpg\" alt=\"\" width=\"215\" height=\"172\" \/><\/a>Luxembourg, is a <a title=\"Landlocked\" href=\"http:\/\/en.wikipedia.org\/wiki\/Landlocked\">landlocked<\/a> country in <a title=\"Western Europe\" href=\"http:\/\/en.wikipedia.org\/wiki\/Western_Europe\">western Europe<\/a>, bordered by <a href=\"https:\/\/www.welingkar.org\/blogs\/\/wp-content\/uploads\/2013\/03\/LUX.jpg\"><img decoding=\"async\" class=\"alignright size-full wp-image-2835\" title=\"LUX\" src=\"https:\/\/www.welingkar.org\/blogs\/\/wp-content\/uploads\/2013\/03\/LUX.jpg\" alt=\"\" width=\"230\" height=\"177\" \/><\/a><a title=\"Belgium\" href=\"http:\/\/en.wikipedia.org\/wiki\/Belgium\">Belgium<\/a>, <a title=\"France\" href=\"http:\/\/en.wikipedia.org\/wiki\/France\">France<\/a>, and <a title=\"Germany\" href=\"http:\/\/en.wikipedia.org\/wiki\/Germany\">Germany<\/a> ,with a population of 524,853 in an area of 2,586 square kilometres (998\u00a0sq\u00a0mi) ,this tiny little country in the EU,is the biggest financial centres in the world.<a href=\"https:\/\/www.welingkar.org\/blogs\/wp-content\/uploads\/2013\/03\/DSC_2170.jpg\"><br \/>\n<\/a><\/p>\n<p>The industrial sector in Luxembourg, which was dominated by <a title=\"Steel\" href=\"http:\/\/en.wikipedia.org\/wiki\/Steel\">steel<\/a> with Arcellor Mittal as a giant player, until the 1960s, has since diversified to include chemicals, rubber, and other products. Services, especially <a title=\"Banking\" href=\"http:\/\/en.wikipedia.org\/wiki\/Banking\">banking<\/a> and <a title=\"Financial export\" href=\"http:\/\/en.wikipedia.org\/wiki\/Financial_export\">finance<\/a>, account for the majority of economic output. Luxembourg is the world&#8217;s second largest <a href=\"https:\/\/www.welingkar.org\/blogs\/\/wp-content\/uploads\/2013\/03\/BOURSE.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-2836\" title=\"BOURSE\" src=\"https:\/\/www.welingkar.org\/blogs\/\/wp-content\/uploads\/2013\/03\/BOURSE.jpg\" alt=\"\" width=\"215\" height=\"187\" \/><\/a>investment fund centre (after the United States), the most important private banking centre in the <a title=\"Eurozone\" href=\"http:\/\/en.wikipedia.org\/wiki\/Eurozone\">eurozone<\/a> and Europe&#8217;s leading centre for reinsurance companies. Moreover, the Luxembourg government has aimed to attract internet start-ups, with <a title=\"Skype\" href=\"http:\/\/en.wikipedia.org\/wiki\/Skype\">Skype<\/a> ,E-Bay and <a title=\"Amazon.com\" href=\"http:\/\/en.wikipedia.org\/wiki\/Amazon.com\">Amazon<\/a> being some of the many internet companies that have shifted their headquarters to Luxembourg. Luxembourg stock exchange specialises primarily in the issue of international <a title=\"Bond (finance)\" href=\"http:\/\/en.wikipedia.org\/wiki\/Bond_%28finance%29\">bonds<\/a>, in which it is ranked first in Europe, with 32,933 debt <a title=\"Security (finance)\" href=\"http:\/\/en.wikipedia.org\/wiki\/Security_%28finance%29\">securities<\/a> listed on the Exchange as of 2008. The Luxembourg Stock Exchange was the first exchange to list a <a title=\"Eurobond\" href=\"http:\/\/en.wikipedia.org\/wiki\/Eurobond\">Eurobond<\/a>, with the issue of <a title=\"Italy\" href=\"http:\/\/en.wikipedia.org\/wiki\/Italy\">Italian<\/a> <a title=\"Autostrade\" href=\"http:\/\/en.wikipedia.org\/wiki\/Autostrade\">Autostrade<\/a> bonds in 1963, and, to this day, Luxembourg has maintained a dominant position in European bond issues, with approximately 60% of all cross-border securities in Europe being listed in Luxembourg. Fifty countries list at least some of their <a title=\"Sovereign debt\" href=\"http:\/\/en.wikipedia.org\/wiki\/Sovereign_debt\">sovereign debt<\/a> in Luxembourg, whilst Luxembourg is also a market for debt from the <a title=\"European Bank for Reconstruction and Development\" href=\"http:\/\/en.wikipedia.org\/wiki\/European_Bank_for_Reconstruction_and_Development\">EBRD<\/a>, <a title=\"European Commission\" href=\"http:\/\/en.wikipedia.org\/wiki\/European_Commission\">European Commission<\/a>, <a title=\"European Investment Bank\" href=\"http:\/\/en.wikipedia.org\/wiki\/European_Investment_Bank\">European Investment Bank<\/a>, and <a title=\"World Bank\" href=\"http:\/\/en.wikipedia.org\/wiki\/World_Bank\">World Bank<\/a>.<sup> <\/sup><\/p>\n<p><sup><a href=\"https:\/\/www.welingkar.org\/blogs\/wp-content\/uploads\/2013\/03\/DSC_2170.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-2832\" title=\"DSC_2170\" src=\"https:\/\/www.welingkar.org\/blogs\/wp-content\/uploads\/2013\/03\/DSC_2170-300x198.jpg\" alt=\"\" width=\"300\" height=\"198\" \/><\/a>\u201c<\/sup>Established in 1927, the\u00a0<a title=\"Opens external link in new window\" href=\"http:\/\/www.bourse.lu\/\" target=\"_blank\" rel=\"noopener\">Luxembourg Stock Exchange<\/a> is today the principal centre for the listing of international securities. India needs huge funds for development. One out of three mutual funds in Indian is listed in Luxembourg or has a Luxembourg partner. Indian companies are listed on Luxembourg stock exchange. For a small country, we have a strong financial presence. With its fast administrative systems, decision making and strong logistic support, It is an ideal gateway for Indian businesses wanting to enter the EU market \u201c he emphasised.<\/p>\n<p>&nbsp;<\/p>\n<p>While talking about the academic initiatives the country has on offer , he focused on the\u00a0 value added education offered <a href=\"https:\/\/www.welingkar.org\/blogs\/wp-content\/uploads\/2013\/03\/DSC_2190.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-2837\" title=\"DSC_2190\" src=\"https:\/\/www.welingkar.org\/blogs\/wp-content\/uploads\/2013\/03\/DSC_2190-300x198.jpg\" alt=\"\" width=\"300\" height=\"198\" \/><\/a>by the University of Luxembourg and hoped that collaboration with WeSchool will create opportunities for Indian students and faculty to visit the country for higher studies.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.welingkar.org\/blogs\/wp-content\/uploads\/2013\/03\/DSC_2219.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-2838 aligncenter\" title=\"DSC_2219\" src=\"https:\/\/www.welingkar.org\/blogs\/wp-content\/uploads\/2013\/03\/DSC_2219-300x198.jpg\" alt=\"\" width=\"300\" height=\"198\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cIt is a changing world. Public spending leads to public deficit.EU countries have borrowed heavily and as a result their budgetary disciplines are stretched to provide higher salaries, higher healthcare, higher pension plans etc. The\u00a0turbulence faced by the EU is more of a social crisis then financial &#8221; said HEM Gaston STRONCK, Ambassador of Luxembourg [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1401,97],"tags":[],"class_list":["post-2831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-post","category-events-happenings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Make Luxombourgh your gateway to Europe - HEM Gaston STRONCK, Ambassador of Luxembourg in India - Welingkar Blog: Beyond the Walls<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.welingkar.org\/blogs\/make-luxombourgh-your-gateway-to-europe-hem-gaston-stronck-ambassador-of-luxembourg-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Make Luxombourgh your gateway to Europe - HEM Gaston STRONCK, Ambassador of Luxembourg in India - Welingkar Blog: Beyond the Walls\" \/>\n<meta property=\"og:description\" content=\"\u201cIt is a changing world. 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