BUSINESS ABROAD: Austria Comes Back

A year ago the Russian, British, French and American occupation forces finished pulling out of Austria, leaving behind them a relieved people but a big economic question mark. How would the sickly dwarf-state get along without the foreign exchange earned from the departing military forces?

Last week, at the end of its first full year of independence, Austria's answer was clear: not since the days of Emperor Franz Josef has the country been so gemutlich; never has it been so prosperous. As the troops pulled out, the tourists moved in. By last August, Chancellor Julius Raab's government announced, the nation's tourist...

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