Relations Vaduz - Bern and the Participation of Liechtenstein in the European Integration Process. Possible Scenarios for the Future
Relations Vaduz - Bern and the Participation of Liechtenstein in the European Integration Process. Possible Scenarios for the Future

Summary/Abstract: Liechtenstein is an example of a European microstate, and is also characterised by a specific type of relationship with his neighbour – Switzerland. Reorientation of the foreign policy of Vaduz towards Bern was a consequence of the First World War. The most important of the agreements between both countries was a Customs Treaty concluded in Bern 1923. One year later Swiss franc was introduced as a legal tender in the Principality. Relation with the Swiss Confederation have not imprinted a negative stigma on the participation of Liechtenstein in the process of European integration. The Principality is, for example, since 1995 a member of the European Economic Area (without Confederation). In the future, potential membership of Liechtenstein and Switzerland in the European Union cannot be excluded. This would require a change in attitude of the government in Bern. Currently, the connection with Switzerland is just one of the options for Vaduz, but not the only one.

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