The Victor in Vaduz

coat_of_arms_of_liechtensteinTransracial may have been around, but he’s still yet to set foot in the tiny principality of Liechenstein — which this weekend faces a crucial election. At stake for its 35,000 people is whether Liechenstein’s leaders will finally succumb to worldwide pressure to open its bank books to US and EU regulators. Wedged between Switzerland and Austria, the Alpine micro-nation’s 15 banks are considered even more discreet and secretive than their bros across the border in Bern. But with the global economy in shambles and billions of Euros furtively stashed away in its vaults (including some €10 million belonging to DeutschePost CEO Klaus Zumwinkel), international regulators are eager to get their hands on as much unreported tax revenue as possible.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: