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Liechtenstein

Yearbook 2007

Liechtenstein. According to CountryAAH, Liechtenstein suffered an unplanned invasion during the year, when a group of infantrymen from neutral Switzerland perpetrated two kilometers across the border. They quickly returned when they realized their mistake. The incident had nothing to do with the fact that, thanks to new measurement methods, Liechtenstein's limits had recently been found to be 1.9 kilometers longer than previously thought. The country thus became a half square kilometer larger but still retained its place as the sixth to the surface smallest nation in the world.

2007 Liechtenstein

The March 2005 parliamentary elections had a high turnout of 87%. The winner was the Party of Progressive Citizens (PDB) with 48.7% of the vote followed by the People's Union (VU) with 38.2%. The Environmental Party (FL) got 13%. In November, a referendum on the introduction of free abortion and active euthanasia was conducted. Both proposals were voted down by 81.3% of the vote.
In March 2006, the OECD released a list of countries that continue to refuse to participate in international cooperation in the fight against economic crime. Together with 4 other Western countries, Liechtenstein appeared on the list. The country wants to maintain its low corporate tax rate and unconditional banking secrecy. It hinders the investigation of the origin of foreign deposits in the country's banks. The origins are often criminal activities.

In 2008, a former employee of LGT Banken sold information on bank deposits. The information revealed that German and North American citizens, in particular, had cheated their tax authorities for millions. The scandal got a special character because the LGT Bank is owned by the country's prince family, who responded again by accusing Germany of trading stolen data. However, the scandal also led to Liechtenstein agreeing to step up its oversight of foreign accounts to prevent money laundering.

The February 2009 parliamentary elections gave rise to the People's Union, which went from 10 to 13 seats. The party's chairman, Klaus Tschütscher, took over the post of prime minister in March.
A referendum in June 2011 approved the introduction of a registered partnership. On the other hand, the proposal to introduce free abortion declined.

With the 2003 Constitution, the Duke has extensive veto options against the laws passed by Parliament. In July 2012, a constitutional amendment was sent to a referendum to limit the Duke's veto power. The proposal was voted down by 76.4% of voters.

The February 2013 parliamentary election was won by the Conservative PDB, which got 40% of the vote. New Prime Minister became party leader Adrian Hasler. The former government party VU declined from 47.6% to 33.5%. The newly started protest party The Independents entered parliament with 15.3% of the vote. The electorate was generally dissatisfied with the harsh crisis policy that the Government had been responsible for.

The February 2017 parliamentary elections only provided minimal shifts. The ruling party FBP withdrew 1 mandate but continued as a government.

 

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