(Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Switzerland refused to sign a treaty it hammered out with the European Union, a move likely to undermine relations with its biggest trading partner and potentially damage the economy. The Swiss government said the two sides weren’t able to bridge differences on state aid and wage protections, which it described as “key concerns.” The announcement ends years of wrangling, which at one point nearly thwarted the smooth functioning of Switzerland’s stock market. It also constitutes a risk for Swiss businesses, because the new deal would have secured continued access to the bloc’s single market. An EU official said no new access could be considered after the country announced it wouldn’t sign up to the agreement. One of Switzerland’s main business lobbies said it was disappointed in the outcome and that there would be “negative consequences.” “This step endanger
I wonât do a Boris Johnson, says Swiss president
Guy Parmelin, as seen at a press conference on April 12 Keystone / Peter Klaunzer
Swiss President Guy Parmelin says he is not going to rock the boat when he travels to Brussels on April 23 for talks aimed at trying to break a negotiating deadlock with the European Union.
This content was published on April 18, 2021 - 11:17
April 18, 2021 - 11:17
Keystone-SDA/Sunday press/SWI swissinfo.ch/ilj
âI am not going to do a Boris Johnson in Brussels,â Parmelin told the French-speaking Sunday newspaper Le Matin DimancheExternal link, referring to the Prime Minister of the United Kingdom and his behaviour during Brexit negotiations.
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