01-08-2019, 01:26 PM
1
EU Bullying Of Switzerland
Good articlehttps://briefingsforbrexit.com/eu-bu...an-fight-back/
"Switzerland is a free independent country in the heart of Europe and its citizens like it that way. They have made it very clear in referenda that they do not want to join the European Union.
But the EU does not like this at all and it is using all sorts of bullying tactics to bring Switzerland to heel. In 2014, it threatened Switzerland with losing access to EU markets when it voted in a referendum to limit ‘mass migration’ to stop the undercutting of local wages. Switzerland is a signatory to the Schengen Agreement on free movement, but is not a member of either the Single Market or the Customs Union. It eventually backed down"
. . .
"It is therefore time not only for us, like the Swiss, to resist any further EU bullying, but to fight back, particularly when it comes to the City of London. The EU is fully aware of the importance of our global financial centre to EU financial stability. This gives London too much power in the EU’s view. This is why it wanted to clip the City’s wings in the WA, by having a relationship based on ‘equivalence’ which the EU can withdraw at short notice without any right of appeal. The City is six times bigger than all the other EU financial centres combined. So the EU’s stance is totally unacceptable and needs to be replaced with either a form of ‘enhanced equivalence’ or ‘mutual recognition’ which cannot be withdrawn unilaterally."
01-08-2019, 01:48 PM
2
Re: EU Bullying Of Switzerland
I've worked and lived in Basel on and off for 15 years. The Swiss are an extremely wealthy country, a bit draconian in nature when it comes to law, but a financial powerhouse in the world and proud of its sovereignty.The EU has bullies the Swiss for years. I remember when the Swiss pegged the CHF to the EU and then had to unpeg it quick when the 2008 financial collapse began, almost taking out the CHF with it.
Anyway, Switzerland works really well with the EU via a series (actually quite a lot - thousands most likely) of bilateral agreements. Because the EU is almost bankrupt, they need Switzerlands money and because it is such as small country, they are easy pickings for the EU to grab all they can... or so they think.
The EU is threatening to withdraw all its bilateral agreements (most of them voted by the Swiss in many referendums over the years) and, more recently preventing the Swiss from trading their stocks in the EU, unless it agrees to sign up to a new "EU Framework Agreement". Not surprisingly, this framework agreement is the first step to the EU grabbing all they can from Switzerland, through stealth and deception, as it has done with the 28 member states so far.
Ofcourse the Swiss are having none of it and are instead giving the EU the finger and signing up (rolling forward) their trade arrangements with the UK. When we leave the EU this means that the Swiss and the UK can remove a lot of the EU financial red tape, collapsing Frankfurt and Paris because they are too slow, too bureaucratic and too regulatory top heavy to compete with us (and New York), effectively ending EU stock trading.
This would mean that all stock trading for the EU would be done outside the Eurozone and the Swiss would then (with us and New York, Singapore) be able to shaft them right royally whenever we want.
The EU are panicking over this one - big style
Then all the Swiss need to do is publish the secret bank accounts of all the EU mafia to end their careers.
01-08-2019, 08:33 PM
3
Re: EU Bullying Of Switzerland
Originally Posted by Bread
->
I've worked and lived in Basel on and off for 15 years. The Swiss are an extremely wealthy country, a bit draconian in nature when it comes to law, but a financial powerhouse in the world and proud of its sovereignty.The EU has bullies the Swiss for years. I remember when the Swiss pegged the CHF to the EU and then had to unpeg it quick when the 2008 financial collapse began, almost taking out the CHF with it.
Anyway, Switzerland works really well with the EU via a series (actually quite a lot - thousands most likely) of bilateral agreements. Because the EU is almost bankrupt, they need Switzerlands money and because it is such as small country, they are easy pickings for the EU to grab all they can... or so they think.
The EU is threatening to withdraw all its bilateral agreements (most of them voted by the Swiss in many referendums over the years) and, more recently preventing the Swiss from trading their stocks in the EU, unless it agrees to sign up to a new "EU Framework Agreement". Not surprisingly, this framework agreement is the first step to the EU grabbing all they can from Switzerland, through stealth and deception, as it has done with the 28 member states so far.
Ofcourse the Swiss are having none of it and are instead giving the EU the finger and signing up (rolling forward) their trade arrangements with the UK. When we leave the EU this means that the Swiss and the UK can remove a lot of the EU financial red tape, collapsing Frankfurt and Paris because they are too slow, too bureaucratic and too regulatory top heavy to compete with us (and New York), effectively ending EU stock trading.
This would mean that all stock trading for the EU would be done outside the Eurozone and the Swiss would then (with us and New York, Singapore) be able to shaft them right royally whenever we want.
The EU are panicking over this one - big style
Then all the Swiss need to do is publish the secret bank accounts of all the EU mafia to end their careers.
01-08-2019, 08:37 PM
4
Re: EU Bullying Of Switzerland
Originally Posted by summer
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Interesting post Bread.... I wonder how many other countries are considering their options.
Next up for joining the EU would be Albania and Macedonia. 2 more that wont be net contributors .... go figure
01-08-2019, 09:05 PM
6
Re: EU Bullying Of Switzerland
Originally Posted by AnnieS
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We are not switzerland. They are in EFTA and schengen through choice.
We wont be either soon.
Just for fun ..
Look at all the countries outside the EU who are members of EFTA and see what you notice about their populations ?
01-08-2019, 09:53 PM
7
Re: EU Bullying Of Switzerland
Originally Posted by Bread
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We wont be either soon.Just for fun ..
Look at all the countries outside the EU who are members of EFTA and see what you notice about their populations ?
But having a smaller population makes it easier to take risks and initiate bold changes. Not only do we have a large population but we have a cumbersome union of four distinct political entities.
01-08-2019, 10:00 PM
8
Re: EU Bullying Of Switzerland
Originally Posted by AnnieS
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I've said that all along, but this thread compares us to Switzerland does it not? The countries in question are not stupid. They have decided being in EFTA is the right choice for them. What suits them won't necessarily suit our economy. But having a smaller population makes it easier to take risks and initiate bold changes. Not only do we have a large population but we have a cumbersome union of four distinct political entities.
We are not in the EU and when we leave we will not be in EFTA or the EEA. Switzerland isnt in the customs union either
01-08-2019, 10:05 PM
10
Re: EU Bullying Of Switzerland
Originally Posted by AnnieS
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EFTA didn't want us.
We are leaving that - we don't want to be in the single market (except Switzerland who have bilateral agreements instead if single market access which brings us back to the original post).
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