|Photo: Nils Vollmar / Liechtensteiner Volksblatt|
Prince Hans-Adam II, his brother Prince Philipp and their cousin Prince Michael all attended the the 7th International Vernon Smith Prize for the Advancement of Austrian Economics in Liechtenstein this week. The event is organised by the European Center of Austrian Economics Foundation (ECAEF). 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.
The topic of this year's essay competition was "Trusting Politicians with Our Money is like Leaving a Cat in Charge of a Cream Jug". The first prize went to David J. Hebert from the United States of America ahead of Daniel Sanchez Pinol Yulee from Spain and Andreas Kohl Martinez from France.
A video including interviews with Prince Philipp and Prince Michael can be found at 1 FL TV.