Liechtenstein Travel Video Guide

• published: 08 May 2014
• views: 1432

Liechtenstein Travel Video Guide: The Principality of Liechtenstein (German: Fürstentum Liechtenstein) is a small, alpine German-speaking country doubly landlocked by Switzerland and Austria. It is the last remnant of the Holy Roman Empire and an independent nation with very close ties to Switzerland. It enjoys a very high standard of living and is home to some incredibly beautiful mountain scenery. The principality's capital, Vaduz, is mainly a modern city and a major centre of commerce and international banking. The Principality of Liechtenstein was established within the Holy Roman Empire in 1719 and became a sovereign state in 1806. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to conclude a customs and monetary union with Switzerland. Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. Shortcomings in banking regulatory oversight have resulted in concerns about the use of the financial institutions for money laundering and tax evasion. However, the days of bringing suitcases of money into banks for deposit without questions asked is over. Liechtensteiners are also very proud of the fact that their nation has never been physically involved in a battle or military confrontation with an "enemy state" and see their flag as a banner of peace. Enjoy Your Liechtenstein Travel Video Guide! https://www.youtube.com/watch?v=xpQnTlFUy_Y