Remora
Interesting article about the fall of SwissAir from a Swiss point of view:
Largeur.com [ Article - ATTACK ON SWITZERLAND - Les banques et la fin de Swissair ]
Last graf, explaining that Swiss banks, even though profitable, decided to pull the plug on their nation's airline, sounds an interesting premonitory note:
A la place des banques (grandes et petites, al�maniques ou genevoises), je ne me r�jouirais pas trop. Le flinguage de Swissair �tait pratiquement achev� quand est intervenue la catastrophe du 11 septembre. On sait qu'elle a d�clench� chez les Am�ricains une crise de phobie du secret bancaire. On a vu vendredi le Conseil de s�curit� de l'ONU voter au pas de course et � l'unanimit� une r�solution demandant la transparence des op�rations bancaires pour lutter contre le terrorisme. Si cette fureur inquisitoriale ne retombe pas comme un souffl� � ce qui est possible �, la banque suisse sera appel�e � vivre des heures tr�s sombres.
If I were in the banks' place (the small ones and the great ones, german or genevan), I wouldn't be celebrating. The wasting of Swissaire had practically been achieved when the catastrophe of the 11th September happened. As we all know, that launched, among the Americans, a veritable phobic reaction to banking secrecy. Friday the UN Security council voted as an agreed upon item, unanimously, a resolution demanding transparency in banking operations for fighting against terrorism. If this inquisitorial furor doesn't pass like a breath of air -- which is possible -- the swiss banking establishment will be called upon to lives some pretty dark hours.
“I’m so bored. I hate my life.” - Britney Spears
Das Langweilige ist interessant geworden, weil das Interessante angefangen hat langweilig zu werden. – Thomas Mann
"Never for money/always for love" - The Talking Heads
Thursday, October 04, 2001
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