LuxUnplugged Podcast

Adrien Loesch and Thierry Schoen

People from Luxembourg are quite familiar with the country’s discreet approach when it comes to blowing its own trumpet at the global scale. Despite its relatively small geographic print, the Grand Duchy punches well above its weight on the world stage! This podcast is here to shed light on Luxembourg’s global influence from the perspective of two Luxembourgers living in London.

  1. #86 - Does Luxembourg live above its means? | Vincent Hein

    10 MARS

    #86 - Does Luxembourg live above its means? | Vincent Hein

    In this episode, Vincent Hein, director at Fondation IDEA, joins Adrien to discuss Luxembourg's public spending habits and question whether Luxembourg can afford it over the long run. They explore the rapid growth of public expenses in Luxembourg, driven by population growth, construction costs, and social spending. While Luxembourg's short-term fiscal indicators are strong, Vincent raises concerns about long-term sustainability due to an aging population and potential revenue volatility in the financial sector. He emphasises the need for investment in energy transition, digital transformation, and defense while strategically managing spending. Among the key points discussed: Personal vs. state finances: fundamental differences between managing individual finances and a state budget.Luxembourg's spending spree: factors contributing to the rapid growth of public expenses in Luxembourg (6% nominally).Short-term vs. long-term: Luxembourg's good short-term fiscal indicators are not a predicament for long-term performance.Pension time bomb: why Luxembourg's pension system needs to be reformed.Strategic state: Shift towards a more strategic state that invests more and spends less, targeting social expenses effectively. They discuss some of the recommendations from IDEA’s June 2024 paper that would create a sustainable path when it comes to public spending: Raise awareness: increase awareness among the population and political class about the need for fiscal responsibility.Anticipate difficulties: act now to address future challenges like pension deficits to avoid harsher cuts later.Public policy evaluation: implement a culture of evaluating public policies to ensure efficiency and effectiveness.KPIs and zero-based budgeting: implement Key Performance Indicators (KPIs) and zero-based budgeting to improve financial accountability and control spending.Empower civil servants: Give them more control and accountability in managing public finances for a sustainable future. Link to the report (in French): https://www.fondation-idea.lu/2024/06/12/document-de-travail-n25-les-depenses-publiques-au-luxembourg-everest-ou-kneiff/ This episode is kindly supported by the Luxembourg Chamber of Commerce.

    30 min
  2. #83 Exploring the future of space security and defence | Michel Poucet

    13/08/2024

    #83 Exploring the future of space security and defence | Michel Poucet

    In this episode, Adrien sits down with Michel Poucet, an innovative entrepreneur in the space industry, to explore the future of space operations and innovations in space domain awareness. Michel reflects on how his early fascination with space—ignited by encounters with astronauts and visits to space stations—shaped his passion and ultimately led him to pursue a career dedicated to exploring and protecting the final frontier. In the conversation, we delve into the origins of LMO, a company focused on developing AI-driven camera systems and sensors essential for satellite servicing, debris avoidance, and extending satellite lifespans. He explains how LMO’s technology not only addresses commercial needs but has also evolved to meet defence demands amid rising geopolitical tensions. Collaborations with the US and European defence agencies highlight the growing importance of safeguarding space infrastructure. The discussion also covers Luxembourg's space ecosystem, with Michel analysing the role of the government and LuxInnovation in the industry growth. He reflects on the strategic advantages and challenges of working within Luxembourg’s agile environment and the vital role of long-term investment in sustaining innovation. Michel also gives away tips to navigate the local ecosystem in an effective manner. Finally, we delve into the broader implications of potential space conflicts and the critical need for vigilance in this increasingly contested arena. Michel wraps up with insightful suggestions for enhancing Luxembourg’s connectivity and attracting top talent, aiming to further strengthen the space ecosystem. Curious about the future of space technology and its impact on global security? Don’t miss this episode with Michel Poucet. Listen now! This episode is kindly supported by the Luxembourg Chamber of Commerce.

    38 min
  3. #82 The Inspiring Journey of Anne's Kitchen: From Journalism to Culinary Stardom | Anne Faber

    17/07/2024

    #82 The Inspiring Journey of Anne's Kitchen: From Journalism to Culinary Stardom | Anne Faber

    Ready for a deliciously inspiring story? In this episode, Thierry sits down with Anne Faber, the creative force behind Anne's Kitchen. Known for her successful TV shows and cookbooks, Anne's transformation into a respected food journalist, TV personality and a successful entrepreneur is an inspiring story for our business community. The conversation begins with a dive into Anne’s career trajectory, detailing how her pitch for a British food travel show to RTL Luxembourg was a game-changer, resulting in the commissioning of two seasons and the establishment of Anne's Kitchen. This required her to set up businesses in both Luxembourg and the UK, navigating the complexities of entrepreneurship with determination and support from her father. Throughout the episode, we delve into the multifaceted nature of Anne’s role. As a one-woman business, she handles everything from writing and photographing her cookbooks to producing and distributing them. We discuss key challenges in the market, from staying relevant in an increasingly saturated environment to maintaining a competitive edge and continuing innovation. The conversation about Anne’s journey, achievements, and collaborations with major brands provides valuable insights for aspiring entrepreneurs. What personal qualities are integral components of success? What are the business benefits of Luxembourg's close-knit community? Listen as she shares heartfelt advice on following your passion, bouncing back from setbacks, and leveraging community to build strong networks. Listen to the full episode now and discover the story behind Anne's Kitchen. This episode is kindly supported by the Luxembourg Chamber of Commerce.

    28 min
  4. #81 Steering Luxembourg’s economic future | Vincent Hein

    11/06/2024

    #81 Steering Luxembourg’s economic future | Vincent Hein

    In this episode, Adrien sits down with Vincent Hein, a director and economist at Fondation IDEA, to dive into the pressing economic and policy issues facing Luxembourg. Vincent shares his passion for economic development and public policy, shedding light on his dual role at Fondation IDEA—a think tank created by the Chamber of Commerce to spark fresh ideas and stimulate public debate in Luxembourg. In this conversation, we delve into what it truly means for Luxembourg to be competitive—sustainably generating high income and fostering social cohesion while facing global competition. We examine the crucial roles of talent, investment, and innovation in maintaining this edge. This leads us to the burning question: amidst a global shift towards resilience due to recent crises, how can competitiveness once again become a top priority for policymakers? The discussion heats up as we delve into a recent panel hosted by Fondation IDEA, where Luxembourg's competitiveness was critically assessed. Despite some rankings showing a decline, Vincent highlights Luxembourg's strengths, such as a skilled population and political stability. However, he raises critical concerns about the soaring costs of labor and living, especially how wage indexation and skyrocketing housing prices hinder Luxembourg's ability to attract and retain top talent. Innovation and digitalization, particularly in the financial sector, are key to boosting Luxembourg's competitive edge—another hot topic Adrien and Vincent tackle. Vincent underscores the importance of research and development (R&D) and the need for technological advancement to drive economic productivity. They also explore the paradox of Luxembourg's development: evolving into a financial powerhouse while clinging to a rural mindset. Toward the end, Vincent shares his perspectives on securing long-term prosperity in Luxembourg and the role that a shift in urban planning and mindset might play. Tune in to gain valuable insights into Luxembourg's economic landscape and discover the strategies needed to ensure its future prosperity.

    38 min
4,9
sur 5
11 notes

À propos

People from Luxembourg are quite familiar with the country’s discreet approach when it comes to blowing its own trumpet at the global scale. Despite its relatively small geographic print, the Grand Duchy punches well above its weight on the world stage! This podcast is here to shed light on Luxembourg’s global influence from the perspective of two Luxembourgers living in London.

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