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When Floodwaters Rose, Four Million Vanished: Liechtenstein's Quiet Scandal
When Floodwaters Rose, Four Million Vanished: Liechtenstein's Quiet Scandal
A tiny Alpine state lost four million Swiss francs while its rivers were flooding three villages and two people died - and the man at the helm of government did not know. How did loyalty-based appointments turn a national bank into a hole that swallowed fortunes, relief efforts, and political accountability?
In this episode, we trace the life and career of Gustav Schädler from Triesenberg schoolteacher to prime minister, the political context of Liechtenstein in the 1920s, and the parallel collapse unfolding inside…
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