Comments written by Prince Michael of Liechtenstein himself provide an informed viewpoint on crucial geopolitical issues. Sometimes challenging and always thought-provoking, these brief commentaries take a stance that stimulate debate.
Money makes the world go round
Money has two functions: It is a means of exchange for trades between one party wanting to sell and another to buy. It also helps to make price and value comparable. The second function is as a way of storing value between two trades, writes Prince Michael of Liechtenstein. The financial system therefore has two functions - as a payment system and to collect short...
UN Security Council has lost its role
The United Nations Security Council, with the role of maintaining international peace and security, is probably the UN’s most important institution, writes Prince Michael of Liechtenstein. It has 15 members, five of them with an absolute right of veto. The permanent members are the relevant victors of the Second World War - the United States, UK, Russia, France an...
Free trade agreements challenged
A free trade agreement between the European Union and Canada, called the comprehensive Economic and Trade Agreement (CETA) has been negotiated and will be transferred to EU member-states soon for approval, writes Prince Michael of Liechtenstein. The agreement is seen as a test case for the Transatlantic Trade and Investment Partnership (TTIP) between the US and th...
Europe’s politics of appeasement
Murderous groups of secessionists have occupied parts of eastern Ukraine for months carrying out murder and atrocities among the civilian population. They have Russia’s backing, although the Kremlin does not admit this recognition officially. The secessionist movement has a strong popular approval rating in Russia, writes Prince Michael of Liechtenstein. The West ...
Success needs compromise in Syrian peace talks
Successful peace conferences about ongoing conflicts have always started with talks. Montreux in Switzerland was the venue for initial peace talks and a transition plan for Syria involving opposing sides in the Syrian civil war. But this was bound to fail as it began with the Syrian government and its main political opposition, the National Coalition, taking entrenched positions. If two conflicting parties really want peace – not just the total surrender of the other party – then talk and compromises are necessary.
Defence is crucial for Europe
There is widespread conviction in political circles that while local and regional warfare occurs across the globe, large-scale wars will not erupt. This conviction is based on the assumption that the legitimacy of many current regimes is based solely on improving the living conditions of their populations rather than on democracy, ideology or traditional legitimacy and accountability. But what happens if regimes which lack legitimacy fail to satisfy the expectations of their populations when ‘reforms’ are unsuccessful?