Word: zuricher
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...open market in front of the gray-green stone parliament building is a reminder of the country's revered peasant past. A world away is Geneva, severe and handsome, with a touch of francophone chic, an international city, where summits are held and diplomatic deals are made. Solid, comfortable Zurich is at once the banking center and, along with Basel, at the bend of the Rhine, the cultural heart for German speakers...
...from clear whether Switzerland will succumb. , Last June, in one of the most important referendums in years, a majority rejected adoption of a value-added tax, a reform that would have brought the Swiss fiscal system closer to that of its European neighbors. Says Christoph Blocher, Zurich industrialist and member of the federal parliament who is leading a campaign against E.C. membership: "If Switzerland joined, it would have a lot to lose: sovereignty, independence, democratic rights, neutrality and security, and it would suffer lower wages and higher taxes...
...country. But this is only the beginning of Masterclass (St. Martin's Press; 330 pages; $19.95). Author Morris West (The Shoes of the Fisherman, The Clowns of God) fills his palette with informed descriptions of the cutthroat gallery world and furnishes his novel with subplots concerning financial shenanigans in Zurich, the ski slopes of St.-Moritz and a murder in Manhattan. West, a longtime connoisseur, knows about the art of the deal and the dealing...
...Zurich's banks are being looted, and millions and millions of dollars of Swiss money are being carted off. The brave Swiss, although threatened with execution for protecting U.S. citizens, are hiding Americans in their homes. Even many of the wealthy residents who could leave are staying in Switzerland to fight for their country's freedom...
...Austrian banks are expected to increase lending once East bloc economies are further along the path to free markets. But the amounts will be relatively small -- much smaller, ironically, than the billions in loans offered by the West when the East bloc was run by totalitarian regimes. Speaking in Zurich, A.W. Clausen, the former World Bank president and recently retired chairman of BankAmerica, warned against pouring money into the East: "Too much capital too fast can cause far more harm than good...