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From the Opalesque Team:

Swiss daily Le Temps wonders in today's edition if the Swiss financial market place has become a spy nest, following the train control in Geneva earlier this month (see Opalesque Exclusive: French customs attack Geneva-Paris train, looking for Swiss bankers Source), and last week-end's disclosure by Swiss federal police of having refused entry to 21 foreign diplomats suspected of being spies.

Swiss bankers are worried. According to some experts, foreign states are willing to deploy any means to retrieve signs of capital hidden in Switzerland. Knowledge of this may encourage bank-account holders to give themselves up before being found out.

Secret operations in Switzerland may also have a political objective, says Le Temps. An information specialist told the paper that foreign secret services could be seeking ammunitions for a next G20. The Swiss Federal police force is aware of the problem but it is not meant to serve banks and it uses it own system to deal with the Swiss economic system, he added.

The memory of Heinrich Kieber haunts Swiss financiers, more so than UBS which recently had to divulge its clients' identity to the American authorities. Heinrich Kieber, who used to work for ......................

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