Put it down to all those bankers and Eurocrats: Luxembourgers are once again Europe’s richest citizens.
The Grand Duchy’s gross domestic product per person is 283 per cent of the EU average, according to 2010 data released this morning by Eurostat — itself based in Luxembourg. That’s a whopping 6.6 times larger than Bulgaria, the bloc’s laggard, whose GDP per person is a mere 43 per cent of EU output.
That gap between richest and poorest is 0.2 points larger than last year both because Luxembourg’s GDP share rose (from 272 per cent) and Bulgaria’s dropped (from 44 per cent). All figures are adjusted for purchasing power changes, so exchange rates don’t factor in.
There can be few presidential campaigns that have kicked off with the declaration “I am not a dwarf”. But this is what Le Monde quotes Jean-Claude Juncker today as saying in the interview in which Luxembourg’s prime minister reveals he would consider being a candidate for the European Union’s presidency “if the call came”.
I have interviewed Juncker and seen him in action more than a few times over the years, and I can confirm that he is not a dwarf – though I have heard other disparaging terms applied to him that need not concern us here. What most interests me is the enormous gulf in perceptions of Juncker’s potential candidacy between the UK and certain mainland European countries. Read more