Since March 1973 virtually all major currencies or currency blocs have been floating. As a result - so it seemed - controls over international capital movements would become less important. But any hopes for a lasting liberalization of capital movements at flexible rates of exchange must be kept...

About a year ago Herr Kurt Ladendorff, auditor in Hamburg, caused quite a sensation with his projected establishment of "europoint", an international conference centre in the Hamburg suburb of Wedel, located in Schleswig-Holstein. Whilst the interest of local papers concentrated on the projected...

With its association with the EC in July 1977, EFTA will have achieved its immediate goal of bridging the economic division of Western Europe. Moreover, the influence of this small but efficient international organization - which due to its pragmatism and liberal principles fits quite well into...