Keith O'Donnel

‘Taxes are poison for companies hit by the crisis,’ Xavier Bettel told a Luxembourg for Finance online panel on Thursday. He added that when seeking to restore balance to state finances ‘we want to avoid any tax rise.’ Instead ‘maybe we’ll have to cut or delay some projects.’

That said he had no regrets about the government’s aggressive support measures for the Luxembourg economy. ‘This money has been some of best investment we could do,’ he said.