Francis Joseph II, prince of Liechtenstein (born August 16, 1906, Frauenthal Castle, near Deutschlandsberg, Austria—died November 13, 1989, Grabs, Switzerland) built Liechtenstein into one of the wealthiest countries in Europe during his reign, which extended from 1938 to 1989.
Francis Joseph II studied forestry engineering at the Forestry and Agricultural University in Vienna. He was appointed to the throne by his great uncle Francis I on July 26, 1938, the same year that Germany annexed Austria. Francis Joseph II oversaw the formation of a national coalition government that kept Europe’s fourth-smallest nation neutral during World War II. In 1945 Liechtenstein refused Soviet demands to extradite some 500 Soviet citizens who had sought refuge there.
The production of high-technology goods in association with Switzerland built a strong industrial base. Francis Joseph’s family-owned bank in Liechtenstein—with branches in London, Zürich, New York City, and Frankfurt—made the principality a desirable tax haven for wealthy individuals and an estimated 30,000 to 80,000 foreign companies. Among his family’s holdings were forests in Austria, real estate in Vienna, and an estimated 1,400 paintings by such old masters as Rembrandt, Peter Paul Rubens, and Anthony van Dyck.
In 1984, the year that women earned voting rights in Liechtenstein, Francis Joseph transferred much of his executive power to his son and successor, Hans Adam II, who became the country’s head of state in 1989 when his father died.
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Publish date : 2015-09-16 22:12:00
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