Redressing the European position
BSSB.BE gisreportsonline 05.09.2018
Balkans Ex-USSR Germany
* An an interview with Polish daily newspaper Rzeczpospolita at the Krynica Economic Forum, Prince Michael of Liechtenstein discusses the “tectonic shifts” in power structures both regionally and globally.
Prince Michael of Liechtenstein has completed his trainings at the Faculty of Economics with the University of Vienna (Austria) with a Magister der Sozial- und Wirtschaftswissenschaften (M.A. in Business Administration). During his studies he took various practical training periods / work with banks and manufacturing companies in Canada, the US and Belgium (Brussels).
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From 1978 to 1987 he worked for Nestlé SA in the fields of controlling, management and marketing on various markets in Europe and Africa.
In 1987 he returned to Liechtenstein where he took over the position of a Managing Director with Industrie- und Finanzkontor Ets. Vaduz, which today is a leading trust company with tradition and expertise in the long-term and trans-generational preservation of wealth, especially family wealth. Today, Prince Michael von und zu Liechtenstein is Chairman of Industrie- und Finanzkontor Ets. as well as Founder and Chairman of Geopolitical Intelligence Services AG Vaduz.
He also explains why countries require a defense industry to maintain peace, and how smaller countries can cooperate to achieve defense procurement goals.
Governments and citizens are increasingly aware of and concerned about the potential fragility of civilian nuclear assets in the face of combined natural and manmade occurrences. In this context, I find the growing development and deployment of offensive cyber capabilities by nation-states of concern as a potential threat to the public safety. While experts agree that the probability of a release of radioactive material through a combined physical-cyber attack on such assets is relatively low, the consequences of such a release could be devastating.
Nevertheless, prudent militaries continue to develop offensive cyber capabilities. Attack via cyberspace is safer and less costly than kinetic attacks. Such capabilities are not inherently bad. They are, however, destabilizing in an environment where there are few rules, where the challenges of attribution could spark misunderstandings, and where an accident could have serious unintended consequences.
Until now, most bilateral work to reduce cyber risk has been focused on confidence building measures, such as hotlines and information sharing about low-level attacks. On a multilateral basis, the United Nations Group of Governmental Experts agreed last year that international law applies in cyberspace, but how it applies remains unclear. A comprehensive approach remains a long way off.
- The publication is not an editorial. It reflects solely the point of view and argumentation of the author. The publication is presented in the presentation. Start in the previous issue. The original is available at: gisreportsonline