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Dictionary
liechtenstein
proper noun
A country in the European Alps. Official name: Principality of Liechtenstein.
Exact(60)
They must go to Lithuania on Tuesday, while the Greeks host whipping boys Liechtenstein.
Germany has beaten up tiny Liechtenstein over secrecy.
The EEA includes all 27 members of the EU plus Iceland, Liechtenstein and Norway.
Use of trusts has boomed, but as an English creation they work much better in common-law jurisdictions, such as Jersey and Singapore, than in Liechtenstein's civil-law system.So Liechtenstein has its work cut out trying to remain an attractive destination while complying with international rules.
Liechtenstein banks' client assets declined by almost 30% in the five years to 2011, to SFr110 billion ($118 billion).They are trying to regain the initiative.
This lucrative niche was damaged in 2008 when the former head of Germany's postal service and many others were caught hiding money in the principality.Under pressure from Germany and America, Liechtenstein buckled, agreeing to dilute bank secrecy and to exchange tax information.
The principality has long been popular with European tax dodgers, but growth accelerated when Swiss banks hawked Liechtenstein foundations to clients worldwide.
In an explicit acknowledgment of past mistakes, Mr Blatter said that in future FIFA would not sell marketing rights to third parties.As if all this were not enough, a German newspaper has alleged that ISMM maintained a slush fund in a Liechtenstein foundation, called Nunca (Spanish for "never"), to pay bribes to senior sports administrators.
In a confidential "position paper" seen by The Economist, the banks and the government jointly set out a two-pronged strategy designed to help Liechtenstein thrive again, this time without tainted money.
FIFA says it has no knowledge of the Liechtenstein foundation and that it will make an announcement when forensic accountants have completed their investigations.One more serious setback for Mr Blatter is that FIFA has suddenly called off its 2001 World Club Championship, due to be held in Spain in July and August.
Even Liechtenstein has sold one.
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