In the ongoing three-day long tripartite meeting--which began on Sunday 18 September--government, labour and business representatives will try to find a solution to the continuously rising energy prices and cost of living. Luxembourg’s national statistics bureau Statec last week presented a range of possible scenarios ranging from the worst case, where the automatic indexation mechanism would be triggered up to five times over a twelve-month period, and a best case, where there would be three wage increases over that time frame.
Different actors have varying solutions in mind. For instance, labour unions are unwavering in their support of the indexation system, whereas the UEL business union thinks everything should be done to get through the crisis before even considering financing solutions. Businesses, it says, would not survive the burden of several indexations. Various political parties and industry actors have also suggested a plethora of solutions ranging from punctual financial aids for low-income households to a revision of the tax system.
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Ultimately, the government will decide. So far, prime minister Xavier Bettel has shared in a series of tweets that the state had suggested a cap on gas prices. But a solution that will support all actors of the grand duchy and households will only emerge at the end of the tripartite.
Tracy and Simon also looked at other events taking place in the coming days. Tracy mentioned the L-headlined by Italian Luca Cupani--for which readers can win tickets by participating before 10am on Tuesday. On the same day,will be performing on stage at the Philharmonie, taking spectators along on a journey between Indian music and jazz. Lastly, on Friday 23 September, will take place at the Oekozentrum Pafendall, educating people on the environment, whilst offering good food, music and sights.
For her pick of the week, Tracy selected Norwegian singer-songwriter Aurora’s
Tune in again next week Monday around 8.30am on (87.8 - 102.9 -105.2 FM) or listen to the podcast on Delano.