Word: sweden
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Dates: during 1960-1969
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...Other examples of gold and dollar hoarders Dillon presumably had in mind: Italy, The Netherlands, Sweden, Austria and Japan...
West Germany has piled up a favorable balance of payments of $1.3 billion and now has more than $6 billion in gold or gold equivalent. Instead of stashing away such "unnecessary reserves," said IMF Managing Director Per Jacobsson of Sweden. West Germany ought to be undertaking an imaginative capital export program...
...their global good-will tour, Thailand's jazz-loving King Bhumibol and his charming Queen Sirikit arrived in Scandinavia, made an instant hit with the populace. A highlight of their visit was an escorted tour of the old theater in Sweden's summer palace in Drottningho'm. Their escort: Sweden's King Gustav VI Adolf, whose eyes sparkled a reflection of Sirikit's exotic beauty. In Rome last week, Sirikit wowed local newsmen, who all played eulogistic variations on the theme of "the most beautiful Queen in the world." No slouch in winning popularity...
...life riskier than he supposed." Last week in a record 81.7% turnout of voters, Erlander's Social Democrats won exactly half, or 116 of 232 seats. With Communist support on some issues and Liberal support on others, they will have no trouble staying on in power. Once again, Sweden had chosen to stay on the left side of the road...
...three years, a French firm is allowed 50% first-year tax write-off, and for equipment to be depreciated over ten years or longer, it can write off no less than 25%. The idea, French experts happily note, almost compels industry to re-equip and modernize itself rapidly. Sweden for a time allowed 100% first-year write-offs for firms that wished to take them. Even British businessmen, with the least liberal depreciation allowances in Western Europe, can write off as much as 45⅝% in some industries the first year...