Liechtenstein Government Withdraws Country From European Union

Government Acts on Recent Public Referendum

The government of Liechtenstein has formally withdrawn the country from the European Union (EU) following a recent public referendum.

The referendum, held on 10th April 2023, saw 65% of voters opting to withdraw from the EU.

The government said it respected the outcome of the referendum even though it did not support the result.

EU Responds to Withdrawal Announcement

The EU has expressed regret at Liechtenstein's decision to withdraw but has said it respects the country's democratic process.

The EU has also said that it is committed to maintaining a close relationship with Liechtenstein and will work to ensure that the withdrawal process is as smooth as possible.

Reasons for Withdrawal

There were a number of reasons why the people of Liechtenstein voted to withdraw from the EU.

Some voters were concerned about the loss of sovereignty that comes with EU membership.

Others were worried about the impact of EU regulations on the country's economy.

There were also concerns about immigration and the impact of EU membership on Liechtenstein's culture.

Government to Negotiate Withdrawal Agreement

The Liechtenstein government will now negotiate a withdrawal agreement with the EU.

The agreement will set out the terms of Liechtenstein's withdrawal, including the financial settlement and the future relationship between Liechtenstein and the EU.

The government has said it hopes to reach an agreement with the EU within the next two years.

Impact of Withdrawal on Liechtenstein

The withdrawal from the EU is likely to have a significant impact on Liechtenstein.

The country will lose access to the EU's single market and will have to negotiate new trade agreements with other countries.

The withdrawal is also likely to lead to a decrease in immigration and a slowdown in economic growth.

However, the government has said it is confident that Liechtenstein can make a success of its withdrawal from the EU.

The government has also said that it is committed to maintaining close ties with the EU and will work to ensure that the withdrawal process is as smooth as possible