EU sends ultimatum to Switzerland on stock exchanges

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EU sends ultimatum to Switzerland on stock...
 © In-Cyprus 2018
The European Union executive will offer Swiss stock exchanges a two-year extension of their right to operate in the bloc if the Swiss government approves an overall deal on future relations on Friday, EU sources told Reuters.

If Switzerland does not back the draft pact, however, the European Commission will not extend the recognition of the SIX Swiss Exchange – the country’s main stock exchange – and other trading venues beyond this year, EU sources said following a meeting of EU diplomats on the issue on Wednesday.

The Swiss cabinet is expected to...


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EU sends ultimatum to Switzerland on stock exchanges


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Article Tags: sends, ultimatum, switzerland, stock, exchanges,

 

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