• The so-called "Luxembourg Compromise" allows a member state to block a majority decision being taken if an issue is deemed to seriously affect "a very important national interest".

    BBC: Osborne stands alone as EU backs bonus cap

  • It also creates an opportunity for a compromise: With Germany and Luxembourg ostensibly locking horns, another European nation could now act as a mediator to facilitate an agreement.

    FORBES: Tax Havens

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