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Having worked for Swiss banks for many years, I can tell you that it is the only thing driving the Swiss economy.

I had this opinion confirmed recently by listening to an interview with a Swiss politician - I forget his name, but possibly on the Federal Council.  I am terrible with names.

He said that the EU was demanding the lifting of the Swiss secrecy laws but it couldn't be done quickly, otherwise the Swiss economy would collapse.  So, closer ties with the EU and repelling the Swiss laws would progress simultaneously in order to buffer the shock.

by stevesim on Fri Feb 11th, 2011 at 01:01:57 PM EST
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