Luc Frieden returned to government in 2023 after a career in law, finance and CSV-led cabinets. His record now matters because Luxembourg faces pressure on housing, growth, public finances and its financial model.
Speaking at Harvard on 6 February, Luc Frieden told a European audience the continent can no longer take the United States for granted and must own its economy, energy and security. For Luxembourg — Europe's largest fund domicile and one of its most open economies — his call to build a single capital market and cut external dependency is a matter of direct national interest, not grand strategy.