THE NATIONS: Flood of Money

When it comes to taking the world's political and economic fever, there is no thermometer more accurate than the flow of capital in and out of Swiss banks. In a sally making the rounds of Swiss financial clubs, two bankers meet in the street. "How is business?" asks one. Answers the other: "It's terrible. We've got so much money we don't know what to do.''

To Western European bankers and government officials, the joke is about as funny as a bad check. With their economies booming along at record levels, not only Switzerland but much of Europe last week had...

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