In 2011, Liechtenstein had a population of 36,972 people, making it one of the smallest countries in Europe. The economy was highly dependent on financial services, which accounted for more than 40% of the country’s GDP. Foreign relations were generally strong with neighboring countries and the European Union. Politically, Liechtenstein had a constitutional monarchy with an elected parliament and executive branch. The government was stable and democratic with civil liberties fully respected. In 2011, Liechtenstein maintained a neutral posture in international affairs and remained largely unaffected by the Arab Spring uprisings that occurred in other parts of the world. See mathgeneral for Liechtenstein in the year of 2017.
Liechtenstein. In March, the EU Council of Ministers approved Liechtenstein’s agreement with the EU to become an associate member of the Schengen passport union. According to Countryaah official site, the agreement had been signed in 2008 but the approval had been hampered by Sweden and Germany who considered that Liechtenstein had done too little in the fight against tax refugees. Visit ABBREVIATIONFINDER for the acronym of LIE that stands for the country of Liechtenstein.
At a G20 summit in November, French President Nicolas Sarkozy singled out Liechtenstein as one of eleven tax havens in the world, which he believed other countries should avoid exchanging.