Luxembourg: History
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Luxembourg declares independence after four years of German occupation in World I.
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Luxembourg joins the League of Nations.
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Luxembourg and Belgium join in an economic union, in which both countries use Belgium's currency.
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Luxembourg is once more occupied by German troops during World War II.
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Luxembourg forms an economic union with Belgium and the Netherlands.
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Luxembourg becomes a member of the North Atlantic Treaty Organizations (NATO).
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Luxembourg becomes a founding member of the European Economic Community, which aims to integrate the economy in Europe among its member states.
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Following the crisis of the metallurgy sector, Luxembourg enters a period of recession.
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Luxembourg takes part in the Maastricht Treaty creating the European Union (EU).
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Luxembourg adopts the euro currency.
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Luxembourg is added to a "grey list" of countries with questionable banking arrangements by G20, which is an international forum for the governments and central bank governors from 20 major economies.
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The so-called LuxLeaks scandal casts light on how Luxembourg helped hundreds of multi-national companies save billions of dollars in tax payments.
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The OECD urges Luxembourg to reduce economic dependence on financial services to multinational businesses to avoid a G20-led crackdown on international tax avoidance.
Sources:
BBC NewsBritannica