Luxembourg’s Hereditary Grand Duke Guillaume spoke on Tuesday at the 20th Alfi Global Distribution Conference, a financing event. Guillaume talked about microfinancing at the opening of the second day of the conference.
Click here for original photo at Monarchie.lu
He also discussed the rising unemployment in Europe due to the poor economy.
“Poverty might not be such a serious issue in Luxembourg and the EU,” Guillaume told delegates. “But unemployment has been rising since 2008 and young people are the first victims. Our youth is in dire need of job creation. So microfinance might be solution even within our borders.
“We must give them the opportunity. Luxembourg is well positioned to be a centre of excellence for microfinance in years to come and can encourage the seeking of both a social and financial return. The needs are especially high in a time of crisis and Luxembourg can lead by example. Responsible investment will be the key to a sustainable European economy.”
His Royal Highness was with Jeannot Krecke, the Minister for Economy and Foreign Trade for Luxembourg during the conference.
Source: Luxarazzi, Alfievents.com
Recent Comments