Swiss Pain in EU Immigration Talks Compounded by Brexit Win
- Brexit crushes Swiss chances of clinching EU deal by deadline
- Swiss government must implement immigration limits by February
Switzerland Agrees on Plan for Banks to Settle U.S. Tax Spat
This article is for subscribers only.
Switzerland was always going to struggle to reach an agreement with the European Union to limit immigration. Britain’s decision to split from the bloc just made it near impossible.
“This is a catastrophe for Switzerland,” said Thomas Schaeubli, a political risk analyst at Wellershoff & Partners Ltd. in Zurich. “After the Brexit vote it’s questionable whether the EU will have the resources or the interest to devote itself to finding a solution with the Swiss.”