The customs treaty with Switzerland and membership in the European Economic Area (EEA) are some of the key factors for Liechtensteins success, according to the Hereditary Prince of Liechtenstein Alois and the Prince of Liechtenstein Hans Adam II on the occasion of Liechtensteins 75th national holiday.
Hereditary Prince Alois expressed optimism for Liechtenstein at the state ceremony on the 75th national holiday on Saturday. According to the Neue Zürcher Zeitung (NZZ), todays positive conditions are the result of the right decisions being made with partners in the past. He mentioned in particular the 1923 customs treaty with Switzerland, EEA accession in 1995 and the international exchange of information on tax matters with 2009s Liechtenstein Declaration. He called for self-confidence and further responsibility.
In an interview with the Liechtensteiner Vaterland, Prince Hans-Adam II revealed that he regards Liechtensteins situation in a similar light. Thanks to economic integration in Europe, the customs treaty with Switzerland and membership in the UN, a situation has been created that is nearly perfect when compared to the past. According to Prince Hans-Adam II, todays economic success has become the envy of others. In light of the current euro problems in the EU, he is confident that Liechtenstein will be able to deal with future crises as effectively as it has done in the past.