re of this war-torn
country.
Libya:
Since he took power in a 1969 military coup, Col. Muammar Abu
Minyar al-QADHAFI has espoused his own political system - a
combination of socialism and Islam - which he calls the Third
International Theory. Viewing himself as a revolutionary leader, he
used oil funds during the 1970s and 1980s to promote his ideology
outside Libya, even supporting subversives and terrorists abroad to
hasten the end of Marxism and capitalism. Libyan military adventures
failed, e.g., the prolonged foray of Libyan troops into the Aozou
Strip in northern Chad was finally repulsed in 1987. Libyan support
for terrorism decreased after UN sanctions were imposed in 1992.
Those sanctions were suspended in April 1999.
Liechtenstein:
The Principality of Liechtenstein was established
within the Holy Roman Empire in 1719; it became a sovereign state in
1806. Until the end of World War I, it was closely tied to Austria,
but the economic devastation caused by that conflict forced
Liechtenstein to conclude a customs and monetary union with
Switzerland. Since World War II (in which Liechtenstein remained
neutral) the country's low taxes have spurred outstanding economic
growth. However, shortcomings in banking regulatory oversight have
resulted in concerns about the use of the financial institutions for
money laundering.
Lithuania:
Independent between the two World Wars, Lithuania was
annexed by the USSR in 1940. On 11 March 1990, Lithuania became the
first of the Soviet republics to declare its independence, but this
proclamation was not generally recognized until September of 1991
(following the abortive coup in Moscow). The last Russian troops
withdrew in 1993. Lithuania subsequently has restructured its
economy for eventual integration into Western European institutions.
Luxembourg:
Founded in 963, Luxembourg became a grand duchy in 1815
and an independent state under the Netherlands. It lost more than
half of its territory to Belgium in 1839, but gained a larger
measure of autonomy. Full independence was attained in 1867. Overrun
by Germany in both World Wars, it ended its neutrality in 1948 when
it entered into the Benelux Customs Union and when it joined NATO
the following year. In 1957, Luxembourg became one of the six
founding countries of the European Economic Community (later the
European Union) and in 1999 it joined the
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