Switzerland could reconsider EU payment after exchange snub
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.
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.