Switzerland’s decision to limit immigration will hurt economic growth, according to economists who cover the country.
Frida Sommer says her vote to curb immigration into Switzerland wasn’t driven by xenophobia.
The Swiss government faces enacting immigration curbs that threaten to upset ties to the European Union and hurt the economy following a popular vote yesterday demanding limits on foreign workers.
Switzerland voted in favor of new immigration curbs, risking a backlash from the European Union and thwarting the ability of companies to hire top talent abroad.
Swiss voters were divided on whether to approve an upper limit on immigration with the result still too close to call, according to an initial projection.
The Swiss vote today on whether to restrict immigration, a step the government warns could undermine the economy.
More than one in five workers in Switzerland are foreigners. That could soon change.
When seeing a doctor, ballet dancer Iris Inderbitzin wants to be able to speak her local dialect. With more than 284,000 Germans living in Switzerland, that at times can be a challenge.
The Swiss People’s Party is likely to gain the most votes in this month’s general elections, followed by the Social Democrats, the Gfs.Bern polling institute reported, citing a survey.
Switzerland’s central bank will scrap its annual payment to the government for 2013 after a gold-price decline caused a loss of 9 billion francs ($10 billion).