Word: switzerland
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Dates: during 1950-1959
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...crowded hospitals surgeons and nurses worked the clock round, with anesthetics and medication in desperately short supply. Calls for medical help had gone out to Vienna and Geneva, and convoys of medical supplies had already crossed the border from Austria. But planes bringing supplies from Belgium and Switzerland were turned back from Budapest airport by the Russians. Among the wounded being tenderly treated in the hospitals were many young Russian soldiers. They had been variously told by their commanding officers that they were putting down a revolt inspired by fascists, by Stalinists, and by Western imperialists...
Last week, as their story exploded in the press, newsmen tracked down the couple on holiday at a hotel in Montreux, Switzerland, and the idyl throbbed in the headlines. Sobbing and distraught, Kathleen returned to London in the company of her lawyer. "He has the face of a saint and is the only man I'll ever love," she said of Philip. "We are ready to forgive and forget. We still love you dearly," said Eileen Ross in a message to her husband. Thus doubly beloved, the Rev. Mr. Ross-Davies prudently lingered in Europe, while in England...
...Nasser was a mere captain, neighboring little Lebanon was making money hand over fist as the Middle Eastern go-between for Western entrepreneurs. It avoided violent nationalism, and Western businesses turned to it as to an oasis for their Middle Eastern headquarters, transforming .the tiny, tidy state into the Switzerland of the Arab world...
Last week the Middle Eastern Switzerland turned out instead to be a little Egypt. It threatened Iraq Petroleum Co., producer of one-fifth the Middle East's oil, with confiscatory fines, warned that it might nationalize the oil company's Lebanese properties...
...upsetting the other European currencies. The Germans worry that if they free the Deutsche mark while other currencies are weak, so much trade would flow their way that it might torpedo the European Payments Union, to the detriment of all European traders outside West Germany. Belgium, Holland and Switzerland all have stable money and trade balances, could probably compete under the terms of free currency exchange. Italy, too, is moving ahead rapidly; the lira has been stabilized at 625 to the dollar, and, while Italy has a sizable trade deficit, the flood of tourist dollars helps right the balance...