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Submission + - Swiss banks making concessions on bank secrecy 1

Aryabhata writes: Economic Times & Reuters report: "Under pressure from the US and other troubled economies, the Swiss government announced on Friday that it would cooperate in international tax investigations, breaking with its long-standing tradition of protecting wealthy foreigners accused of hiding billions of dollars. Austria and Luxembourg also said they would help. "
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Swiss banks making concessions on bank secrecy

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  • This is really a tough one (decision) in my opinion. The SWISS have used the "secrecy" forever. They were probably responsible for a large amount of ill gotten goods from Hitler's group and especially NAZI stolen items from gold to museum treasures to other items that were taken from the Jews in WWII to the various arms dealers and war profiteers of today. They also did some good (not much granted). There is no real way they could have kept this up much longer. Perhaps if they didn't deal with the NAZI's (

Anything cut to length will be too short.