Switzerland Plays for Time in Stock Market Standoff With EU
- Government announced consultation process on framework deal
- Swiss stock market risks losing equivalence under MiFID II
The Six Swiss Exchange AG in Zurich, Switzerland.
Photographer: Michele Limina/Bloomberg
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In its game of brinkmanship with the European Union, Switzerland is playing for time.
Bern didn’t say yes to a hotly contested agreement with Brussels on Friday, taking the gamble that its equity market won’t get cut off from EU investors. The government didn’t say no either, announcing a national debate on the draft of the treaty instead.