[lbo-talk] Switzerland and the EU

Dennis Redmond dredmond at efn.org
Wed May 19 11:52:15 PDT 2004


Interesting article on Swiss-EU relations. Not only have the Swiss have agreed to tax EU bank accounts, to avoid capital flight, in return for free movement throughout the EU, Switzerland is also helping out the cohesion funds:

BBC: "EU finally signs Swiss tax deal"

...In return, Switzerland will let in more workers from the 10 states which became EU members on 1 May, and pay 200m Swiss francs (£88m; 130m euros) a year into the EU's social cohesion funds, used to support the economies of poorer areas.

http://news.bbc.co.uk/2/hi/business/3728907.stm

-- DRR



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