Word: liechtensteins
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...Commonwealth countries and European refugee camps. Three developing countries-El Salvador, Kenya and Zambia-have started domestic Peace Corps to work within their own borders. Nine other countries are planning overseas or domestic Peace Corps-style organizations: Argentina, Austria, Belgium, Italy, Japan, the Philippines, Sweden, Thailand, and even tiny Liechtenstein...
Organizing a Liechtenstein holding company called Fasco, A. G., Sindona used profits he had made in real estate to buy a small Italian construction company. He hired American technicians to run the firm, won contracts across Europe and the Middle East. Eventually he sold 60% of the company to Belgians and moved on to new ventures in Britain, France, Switzerland...
...NEWS ENCORE (NBC, 3-4 p.m.). David Brinkley hops from Andorra to San Marino, Monaco, Liechtenstein and Malta. Color...
Private Leonardo. Liechtenstein also has considerable faith in its wine, a sturdy rose that the government refuses to export for fear of running dry. An even more jealously guarded national treasure is Franz Josef's family art collection (TIME, Dec. 12, 1960), which consists of 1,500 paintings valued at $150 million. It includes the only Leonardo da Vinci in private ownership, a lush portrait of a Florentine maiden called the Ginevra dei Benci, as well as 27 Rubens paintings that are valued at $11 million, and paintings by Van Dyck, Brueghel, Rembrandt and Botticelli. The public is allowed...
Despite postwar losses of vast holdings in Communist Czechoslovakia, Franz Josef II is ranked among Europe's ten richest men. A grandnephew of Austrian Archduke Franz Ferdinand, whose assassination at Sarajevo ignited World War I, the alert, easygoing prince is also rated Liechtenstein's most popular monarch since Johannes the Good, who took the throne in 1858, reigned 71 years,* and spent an impressive $18 million of his personal fortune to build schools and roads in Liechtenstein. Though no one expected Franz Joseph to spend as much, loyal Liechtensteiners who crowded into the palace last week prayed lustily...