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Such was the picture that emerged from a meeting last month of TIME's European Board of Economists, held at Interlaken, in the shadow of the Swiss Alps. If all goes well, the economists said, Europe's five-year-old expansion could last at least through 1988 and the average growth rate of the major nations could be maintained in the current 2.5% range. TIME's board acknowledged, though, that dangers are looming and that pessimism is on the rise in Europe. Said Board Member Hans Mast, senior economic adviser to the Credit Suisse First Boston investment bank: "In today...

Author: /time Magazine | Title: Has Europe's Growth Peaked? | 8/10/1987 | See Source »

...repeatedly adjourned. The dissenting M.P.s, who are outnumbered 4 to 1 by Gandhi's Congress (I) Party, were trying to stop the creation of a parliamentary committee to investigate a government contract with the Bofors arms company of Sweden, which has admitted paying some $50 million into Swiss bank accounts for Indian officials. The opposition claims that any inquiry by a Gandhi-controlled committee would produce a whitewash...

Author: /time Magazine | Title: No Longer Mr. Clean | 8/10/1987 | See Source »

Looking back, I think I know why the Swiss woman was so rude. After all, it's as if two kids popped out of the Coop and said, brightly, "Wo ist Cambridge...

Author: By Jessica Dorman, | Title: Graduation and Glass Flowers | 7/31/1987 | See Source »

...perhaps replacing olives or lemon twists in martinis. Finnish bakers have a way with malty, palate-scrubbing sourdough rye crisp breads; the latest welcome entry is Kings Bread, crackling thin and cut into elegantly long and narrow shapes. No less delicious and even more delicate are the translucent golden Swiss Cocktail Wafers made by HUG, equally good seasoned with caraway or cheese...

Author: /time Magazine | Title: Food: Fancy Is as Fancy Does | 7/27/1987 | See Source »

...riverbank campsite in Le Grand-Bornand, France, an Alpine village near the Swiss border, was crowded with holiday travelers on Bastille Day last week. When a violent summer downpour started, many of the 330 French, Dutch and Belgian vacationers took shelter in their trailers and cars. Then suddenly a tidal wave of water and mud cascaded down the river and engulfed the camp area, burying the vehicles and their trapped inhabitants under a mountain of ooze. The devastation killed 23 campers; eight more are still missing...

Author: /time Magazine | Title: Disasters: Nature Takes Her Revenge | 7/27/1987 | See Source »

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