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According to Luxembourg For Finance "Luxembourg is the second largest investment fund centre in the world after the United States, the premier captive reinsurance market in the European Union and the premier private banking centre in the Eurozone.
In the 14th and early 15th centuries, three members of the House of Luxembourg reigned as Holy Roman Emperors.This is emphasised by the three official languages, Luxembourgish, French, and German.The repeated invasions by Germany, especially in World War II, resulted in the country's strong will for mediation between France and Germany and, among other things, led to the foundation of the European Union.The history of Luxembourg is considered to begin in 963, when count Siegfried I acquired a rocky promontory and its Roman-era fortifications known as Lucilinburhuc, ′little castle′, and the surrounding area from the Imperial Abbey of St. In 1308, Henry VII, Count of Luxembourg became King of the Germans and Holy Roman Emperor.The House of Luxembourg produced four Holy Roman Emperors at the high time of the Middle Ages.In 1354, Charles IV elevated the County to the Duchy of Luxembourg.
Since Sigismund had no male heir, the Duchy became part of the Burgundian Circle and then one of the Seventeen Provinces of the Habsburg Netherlands.
With an area of 2,586 square kilometres (998 sq mi), it is one of the smallest sovereign states in Europe, about the same size as the US state of Rhode Island or the English county of Northamptonshire.
As a representative democracy with a constitutional monarch, it is headed by Grand Duke Henri and is the world's only remaining grand duchy.
Since the beginning of the 21st century, its governments have focused on developing the country into a knowledge economy, with the founding of the University of Luxembourg and a national space programme, projecting the first involvement in a robotic lunar expedition by 2020.
Luxembourg is a founding member of the European Union, OECD, United Nations, NATO, and Benelux, reflecting its political consensus in favour of economic, political, and military integration.
Luxembourg is a developed country, with an advanced economy and one of the world's highest GDP (PPP) per capita.