Word: switzerland
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Dates: during 1970-1979
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Razach Monem Winterthur, Switzerland...
...were living in Switzerland during the 1973-74 oil crisis. The Swiss government, acting on statistics that showed that 25% of the country's weekly gasoline usage was on Sunday, promptly banned nonessential driving three Sundays during one month...
Traveling by a clandestine UNITA supply route, TIME'S Peter Hawthorne last week entered southern Angola for an exclusive interview with Savimbi. Dressed in characteristic fatigues and gun belt, the former political science student at Switzerland's Lausanne University spoke of the war, UNITA'S goals and the dangers of Soviet expansionism in Africa. "The battle we are fighting is not only for the independence of Angola," he said. "It is also for the independence of the West." Excerpts from the interview...
...understand this very clearly if one looks to the Swiss franc. The Swiss franc is even a stronger currency than the deutsche mark, and the Swiss economy is even stronger than the German economy, but nobody would ever believe that for this reason Switzerland is a world power. Swiss defense is first-rate, but nobody would ever believe that for this reason Switzerland is a world power. To sum it all up: Germany is not a world power; it does not wish to become a world power...
Europeans, who traditionally seek refuge in gold during days of crisis, are buying enthusiastically because the Continent has been hit by energy-induced inflation. During the first quarter, prices rose at an annual rate of 9% in Switzerland and 9.6% in West Germany, weakening their strong currencies. So far this year, gold has risen even more sharply against the Swiss franc and the German mark than against the dollar...