Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Swiss voters clearly reject curbs on EU immigration

share with twitter share with LinkedIn share with facebook
09/27/2020 | 12:31pm EDT

* Proposal defeated by 62%-38% margin in referendum

* Swiss attitudes towards immigration in spotlight

* Attention turns to stalled EU treaty

* Voters narrowly back $6.5 billion fighter jet purchase

* Plan to make it easier to shoot wolves deemed dangerous fails

ZURICH, Sept 27 (Reuters) - Swiss voters overwhelmingly rejected on Sunday a right-wing party's attempt to scrap a pact allowing the free movement of people from the European Union, opting for stability amid the economic uncertainty caused by the coronavirus pandemic.

The Swiss People's Party (SVP) had forced a referendum on the EU agreement in a bid to curb immigration to the country where foreigners make up a quarter of the population.

The measure lost, as expected, by a 62%-38% margin.

"The bilateral path is the right one for Switzerland and for the EU. The Swiss people have confirmed this path again today," Justice Minister Karin Keller-Sutter told reporters in Bern.

"Today is a great day for the relations between the European Union and Switzerland," European Council President Charles Michel tweeted. "The Swiss people have spoken & sent a clear message: together we have a great future ahead of us."

The SVP - the biggest party in parliament - has long pushed to take back control of immigration, echoing some arguments pro-Brexit politicians used in the run-up to Britain's exit from the EU. It won a referendum on the issue in 2014, only to see parliament water down its implementation.

Opponents said the plan would have robbed business of skilled workers and torpedoed accords that enhance non-EU member Switzerland's access to the crucial EU single market.

Around two-thirds of the 2.1 million foreigners living in Switzerland in 2019 were citizens of the EU, as well as Iceland, Norway and Liechtenstein, which with Switzerland are members of the European Free Trade Association (EFTA).

More than 450,000 Swiss live in the EU.

The domestic political battle immediately turned to Switzerland's biggest foreign policy headache: a stalled treaty meant to cement ties with the EU but which critics say infringes too much on Swiss sovereignty and would never win a referendum.

With questions open over state aid, rules to protect high Swiss wages, and access to welfare benefits, the Swiss have dragged their feet while trying to forge a domestic consensus, triggering a row over cross-border stock trading.

"The government will determine Switzerland's position in the coming weeks and take up discussions with the EU over the issues that remain open," Keller-Sutter said.

Voters also blocked an attempt to make it easier to shoot wolves deemed a threat to livestock.

They narrowly approved the government's plans to buy new fighter jets for up to 6 billion Swiss francs ($6.46 billion). (Reporting by Michael Shields, Editing by Timothy Heritage, Andrew Heavens and David Evans)


Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRITISH POUND (EUR/GBP) 0.16% 0.90487 Delayed Quote.6.97%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.94% 136.45 End-of-day quote.-6.11%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 1.15% 107.5 End-of-day quote.-14.78%
share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
01:39aTech unicorn Nanofilm up 17% on debut, biggest Singapore IPO in years
RE
01:38aShares falter again, but Asia poised to end October with near 4% gain
RE
01:31aGold firms as dollar dips, coronavirus concerns grow
RE
01:30aColombia central bank likely to hold rate after seven months of cuts
RE
01:29aOil edges up, but set to post second monthly fall on virus spread
RE
01:29aS&p 500 futures extend losses in asia, last down about 1.5% to one-month low
RE
01:29aDow jones futures fall 1.4%, nasdaq 100 futures fall about 2%
RE
01:16aNEWS HIGHLIGHTS : Top Company News of the Day
DJ
01:16aNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
01:16aPUBLIC JOINT STOCK MAGNITOGORSK IRON & STEEL WORKS : MMK develops digital solutions for metal trading
PU
Latest news "Economy & Forex"