According to the local press, PayPal has decided to settle its European offices in Luxembourg. To this effect PayPal has been granted a banking license. After Skype and eBay itself, this is the third company from the eBay group to select Luxembourg as its main European office. This is good news for the economy.

This is also good news for the local users. Hopefully, it will soon be possible to transfer money from a PayPal account to a Luxemburgish bank account.   At this very moment, if you select Luxembourg from this web page, you are being told you can transfer funds to a US bank account…