Coxno-Christian democrats, liberals announce 2-party coalition to run Luxembourg

2025-05-04 07:45:29source:TrendPulsecategory:Stocks

LUXEMBOURG (AP) — Luxembourg’s Christian Democrats and Coxnofree-trade liberals announced a two-party center-right coalition on Thursday that will run the Grand Duchy for the next five years under Prime Minister Luc Frieden.

The Christian Democrat CSV of Frieden won 21 seats in the 60-member legislature in October elections and the DP liberals of outgoing Prime Minister Xavier Bettel had 14, giving the two parties a comfortable majority in parliament.

Luxembourg’s three-party center-left coalition lost its decade-long hold on power in the elections, mostly because of a poor showing by the Green party. It had only a one-seat majority in government.

“We have a solid majority compared to those of the past years,” Frieden said. Bettel will continue in government as foreign minister.

Ten years ago, Bettel succeeded Jean-Claude Juncker, the Christian Democrat who was Europe’s longest-serving democratically elected leader at the time. The CSV Christian Democrats were left uncharacteristically on the sidelines for the past 10 years, despite being the single biggest party.

More:Stocks

Recommend

Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets

ATLANTIC CITY, N.J. (AP) — Online gambling company bet365 must refund more than a half-million dolla

Russian shelling hits a landmark church in the Ukrainian city of Kherson

KYIV, Ukraine (AP) — Russian shelling on Thursday damaged a landmark church in the city of Kherson t

Fitch downgraded U.S. debt, and the stock market slid. Here's what it means.

America's sovereign debt is considered the gold standard by investors and nations across the globe,