You have to wonder what insane level of coercion the US used on Switzerland to convince them to economically ruin themselves?
Without secret banking and intense neutrality, Switzerland is reduced to being as unimportant as Lichtenstein. They can now look forward to their standard of living dropping like a rock, with everything they love going to pot.
They were long able to preserve their national identity and culture precisely because they refused to be homogenized into the rest of post-WWII Europe, under the direction of socialist democrats who hate nations and ethnic groups and cultural identity and crave bland gray mediocrity in all things.
What they have done makes as much sense as Texas applying to become another state of Mexico.
They told UBS, Credit Suisse, etc. that they would lose their ability to do business in the US.
That's the most important question here. I'm sure if you knew, they'd have to kill ya...
They won't catch too many fatcats without wistleblowers giving up data. Everyone important saw this coming and moved a long time ago. I'm sure whoever controlled the data in the hot banks got convinced to alter and wipe their hard drives.
That's the most important question here. I'm sure if you knew, they'd have to kill ya...
They won't catch too many fatcats without wistleblowers giving up data. Everyone important saw this coming and moved a long time ago. I'm sure whoever controlled the data in the hot banks got convinced to alter and wipe their hard drives.
That country stands out because of the character of its people,I don’t see them voting to revoke their neutrality.The Banks in Switzerland will continue to find ways to receive foreign deposits so likewise this country will find a way to survive.