|Photo: 1 FL TV|
"Public Debt? Cheat the Citizen!" was the topic of an essay competition by the European Center of Austrian Economics Foundation (ECAEF) that resulted in the awarding of the Vernon Smith Prize in Liechtenstein earlier this week. Prince Hans-Adam II, his brother Prince Philipp and their cousin Prince Michael attended the award ceremony. Both Prince Philipp and Prince Michael are members of the board of directors of the ECAEF and Prince Hans-Adam has also been long involved with the foundation and so he was the one who actually handed out the award.
1 FL TV has a video about the event which includes comments by Prince Philipp and Prince Michael starting at around 5:10. For more information about the Vernon Smith Prize, have a look here.
Source: 1 FL TV