Pierre Gramegna resigns from the government. “Personal reasons" are cited to explain this decision. This surprising announcement was made by his political party, the DP (Democratic Party), on November 30th.

"Pierre Gramegna, Minister of Finance and Budget, has announced his intention to resign from his ministerial duties for personal reasons", the PD press release states.

“His political action has been marked by the consolidation of public finances, the implementation of a fair tax reform and the programming of an ambitious investment plan. Throughout his political mandate, he has also been dedicated to a transparent and competitive financial centre that meets international standards. The Democratic Party will convene its Steering Committee as soon as possible to determine Pierre Gramegna's succession”, the DP concludes.

Minister since 2013

Pierre Gramegna joined the government as Minister of Finance on 4 December 2013 following the legislative elections of the same year. He is reappointed after the 2018 legislative elections. Before joining the government, from 2003 to 2013, he was President of the Chamber of Commerce. Before joining the government, Pierre Gramegna was also a member of the board of directors of various companies, including Cargolux Airlines International SA (where he was chairman from 2004 to 2008), the Luxembourg Stock Exchange, LuxExpo Luxembourg and BGL BNP Paribas Luxembourg.

In 2020, he was awarded an honorary doctorate by the École supérieure de commerce de Paris for his leadership in the fields of finance and diplomacy and for his commitment to sustainable development in Luxembourg. He is also an honorary doctor of the Sacred Heart University Luxembourg.

As Finance Minister, Pierre Gramegna is undertaking key reforms to balance the budget and bring Luxembourg's tax decisions in line with international standards of transparency. He also launched the Luxembourg Intergenerational Sovereign Fund, focusing on the well-being of future generations, in 2014.

Pierre Gramegna promotes the diversification of Luxembourg's financial centre, in particular with regard to FinTech and sustainable finance. He initiated and chairs the Luxembourg House of Financial Technology (LHoFT) foundation. Together with the Minister for the Environment, Climate and Sustainable Development, he is developing the Luxembourg Sustainable Finance Initiative (LSFI), a public-private partnership that is launching a national strategy for sustainable finance in February 2021.

Quoted by Paperjam, Corinne Cahen (DP), Minister for Family Affairs and Integration and for the Greater Region, admits that "(she) was only informed of Pierre's intentions a short time ago. He had told us that he did not want to be a candidate in the next legislative elections. He had been thinking for a few days about resigning to give visibility to someone else, and to rejuvenate the political landscape”.

(Photo: Twitter account Pierre Gramegna)


Publié le 03 décembre 2021