Luxembourg will hold new elections after Prime Minister Jean-Claude Juncker announced he would resign following a secret service scandal.
Mr Juncker, Europe’s longest-serving head of government, told parliament he would step down on Thursday.
The move came as his junior coalition partner called for the dissolution of parliament and early elections.
It follows claims he failed to stop illegal security agency activity such as phone-taps and corruption.
Mr Juncker has been prime minister since 1995 and was head of the Eurogroup of eurozone finance ministers between 2005 and January 2013.
via BBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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