The timid beginnings of the financial centre

Around 1850, Europe's major capitals already had large banks, but Luxembourg did not. Hard to believe, given that today the Grand Duchy is still associated with a high concentration of banks in its territory, even if they are no longer the locomotives of the financial centre that they were until the 2010s. This is one of the many discoveries that the Journal has made in the course of preparing this podcast dedicated to the history of the Luxembourg economy. The podcast takes a look back at the origins of the financial centre with Pof Benoît Majerus, the historian from the uni.lu's Centre d'histoire contemporaine et digitale (C2DH), who is dusting off and even unearthing unknown or overlooked aspects and events of the financial centre. In fact, he drew up a history of the financial centre for a recent study by the Chamber of Deputies' scientific unit on "Luxembourg's tax competitiveness" last September.