The least newsworthy election in Europe reaches its climax tomorrow, and hardly anyone outside Liechtenstein is likely to take much notice of the outcome. But the upshot may well be a major change in the way the country does business, with consequences that will reverberate across the financial world.
This strange microstate has more registered companies (about 75,000) than people (about 35,000) - and 15 different banks. It has maintained its independence for centuries by keeping its head well below the level of the surrounding Alps. And since the war, it has maintained one of the highest per capita incomes in the world by keeping its mouth collectively shut.
