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Switzerland could reconsider EU payment after exchange snub

National News // Dec. 22, 2017

Switzerland may not, after all, pay CHF 1.3bn into the EU’s cohesion fund. The money was agreed when the EU’s Commission President Jean-Claude Junker visited Bern on an official visit last month.

Pixabay Switzerland could reconsider EU payment after exchange snub

The trip was seen as a sign Switzerland’s relationship with the EU was improving.

But, the bloc has only authorized a year to allow the Swiss stock market free access to the EU. It was hoped there would not be a time limit.

The EU Commission’s Vice President Valdis Dombrovskis says there needs to be better progress towards an institutional framework agreement between the EU and Switzerland.

A spokesman for the federal government says the amount pledged for the EU’s cohesion fund could now be reconsidered. 

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