Austria: Genius for Compromise

Perched on the edge of the Iron Curtain, opulent little Austria sits between two worlds—and makes the most of both of them. Its prosperous people proclaim their neutrality almost as ardently as they complain about their overcrowded parking lots and eagerly sell their steel, sausages and stretch pants to countries as diverse as the U.S. and Red China. Glittering Vienna, which has more high-priced jewelry stores and high-calorie pastry shops than any other continental city, is a compelling advertisement for capitalism to the thousands of Eastern Europeans who visit it every year. Last week the Austrian National Bank announced...

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