LUXEMBOURG: Strength Through Weakness

Surrounded by Belgium, Germany and France, the thousand-year-old Grand Duchy of Luxembourg has long been a popular parade ground for foreign armies. In the past two centuries there have been 14 invasions, mostly swift and successful. But most invaders find the Rhode Island-sized polity a nice place to visit and too insignificant to bother annexing. If the Luxembourgeois have a national characteristic, it is the ability to profit from their defenselessness.

So it goes with the latest invasion. Foreign capital and companies have been pouring into Luxembourg ever since the Nazis left....

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