Word: delamuraz
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...could find themselves at a competitive disadvantage. Even Switzerland's powerful banks and insurance companies will come under pressure as E.C.-based rivals operate in newly deregulated markets. "We must look at Switzerland as if it is a corporation," says the head of the economy department, Jean-Pascal Delamuraz. "How competitive are we? Perhaps we have been successful for too long. Perhaps we have lost a little of our dynamism...
...referendum, 35.6% of voters backed a proposal to abolish the military. The results shocked the country's political and military establishment. Few expected the measure to garner more than 25% of the tally. President Jean- Pascal Delamuraz once called the initiative "an idiocy as big as the Matterhorn." Swiss voters, though, viewed the issue with great seriousness: 68.6% of them turned out, more than have shown up for any other of the < country's incessant referendums in the past 15 years. The army will remain, but it has been sharply shaken and irrevocably affected...
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