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...Bulgaria, also offered Agca $1.5 million to kill the Pope. Çelebi reportedly was acting as middleman for Çelenk, and may have been either simply renewing his fellow Turk's offer or actually paying Agca the money. Some time in late April or early May, according to Swiss and German wiretaps cited in a television documentary broadcast by NBC last week, Agca, staying in Majorca, telephoned Çelebi in Frankfurt. The gunman reportedly said, "I have received the sum we agreed. I'll go to Rome to carry it out." Agca allegedly then called another Turk, Omer...

Author: /time Magazine | Title: Terrorism: New Pieces for the Puzzle | 2/7/1983 | See Source »

...admiral on a commodore's income, Gerhardt had a ready reply: he had received a small inheritance from his German mother, and he played the horses, the lottery and the stock market with remarkable success. Last week Gerhardt's luck ran out. The commodore and his Swiss-born wife Ruth were picked up by South African police and accused of spying for the Soviet Union...

Author: /time Magazine | Title: South Africa: Out of Luck | 2/7/1983 | See Source »

...that answer to Reagan's question, routed first through Secretary of Defense Caspar Weinberger, never reached the President. Instead, Weinberger had an aide, Richard Perle, paraphrase the Joint Chiefs' memo and graft it onto an elaborate Pentagon condemnation of the Nitze-Kvitsinsky plan. A month after the Swiss mountainside tête-à-tête, Nitze and Rostow were chastised by Clark in a memo to Shultz for exceeding their negotiating authority. Clark denies that the memo was a reprimand, but officials who have seen it insist otherwise...

Author: /time Magazine | Title: The Nitze Approach: Hard Line, Deft Touch | 1/31/1983 | See Source »

...does not matter what your name is, and we do not look at your passport." A come-on from a discreet Swiss bank offering numbered accounts? Not exactly. This pledge of secrecy is part of a new advertising campaign in Europe to lure foreign money to a bank in Hungary...

Author: /time Magazine | Title: Dividends: The Gnomes of Budapest | 1/31/1983 | See Source »

After Poland's debt crisis flared in 1981, Western banks pulled out money that they had on deposit in Eastern Europe. Now the National Savings Bank in Budapest intends to get some of that cash back. Its strategy: to compete with the fabled Swiss banking gnomes for Western customers who want to hide their hoards. Switzerland last year became less of a haven because the government loosened its secrecy laws to allow banks, in some cases, to reveal information on accounts held by suspected criminals. The Hungarians, however, promise absolute confidentiality. Moreover, the bank pays 13.5% interest...

Author: /time Magazine | Title: Dividends: The Gnomes of Budapest | 1/31/1983 | See Source »

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