Martin SCHULZ, EP President meeting with Prince Guillaume, Hereditary Grand Duke of Luxembourg and
Lieu: Strasbourg, France - European Parliament
End production: 17/04/2013 First transmission: 17/04/2013
EP President Martin SCHULZ met this morning with Prince Guillaume, Hereditary Grand Duke of Luxembourg and his spouse, Countess Stéphanie de Lannoy. Prince Guillaume is the eldest child of Grand Duke Herni of Luxembourg and his wife, Cuban-born Grand Duchess Maria Teresa; and he is the heir apparent to the crown of the country since his father took power in 2000. Luxembourg is a small country which constitutes the only remaining Grand Duchy in the world. Its form of government is a hereditary Grand Duchy with a unicameral parliamentary system. The economic structure of Luxemburg is based mainly in banking, insurance and the steel industry. As a result of the international financial crisis, Luxembourg has also experienced a severe recession on its economy, however, policy support from accommodative euro area monetary policy and a fiscal stimulus package have helped to stabilize the economy. Growth in the coming years is likely to be lower than before the crisis, although living standards remain quite high.
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||Exterior shot of the EP, Strasbourg.
||Prince Guillaume, Hereditary Grand Duke of Luxembourg and his spouse, Countess Stéphanie de Lannoy. They talk with Mme Ratti, EP Deputy Secretary-General and Mr Welle, EP Secretary-General.
||Arrival of EP President, Martin SCHULZ, handshake and family picture.
||Inside protocol room, signing of the Guests Book.
||Round table meeting.