In From The Cold

Always aloof, Switzerland moves closer to its European partners

NEUTRALITY CERTAINLY HAS ITS BENEFITS. BY STAYing above the fray in their landlocked mountain state, the Swiss have managed to stay out of international . conflicts while establishing themselves as the world's private bankers. But last week the governing Federal Councilors announced that they will apply for membership in the European Community. Emboldened by a recent popular vote that approved joining the World Bank and the International Monetary Fund, the government moved quickly to cash in on an emerging approval of multinational organizations among its citizens.

Bankers and businessmen applaud the new overtures. But Swiss farmers, whose subsidies are considerably higher...

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