Economics
EU Playing Immigration ‘Hardball’ With Swiss, Posen Says
- Swiss voted in 2014 to reduce immigration from European Union
- Economically vital EU bilateral deal at risk for Switzerland
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The European Union doesn’t appear to be inclined to grant Switzerland big concessions as it seeks to renegotiate immigration provisions with the 28-country bloc, according to Adam Posen.
“The Swiss are popular in Europe, their economy is incredibly integrated with Germany, let alone the rest of Europe, and they’re still being played very hard ball with by the Europeans and even were before Brexit,” Posen, a former Bank of England policy maker and president of the Peterson Institute for International Economics, told Bloomberg Television’s Francine Lacqua on Tuesday.