Since Switzerland’s authorities last month pulled out all the stops to rush through a rescue of Credit Suisse, a storm has been brewing in the normally tranquil country. | Reuters
The vote is, however, largely symbolic as the state has already committed the funds and lawmakers cannot overturn that decision.
“It’s the responsibility of politics to have a say especially when such a big contribution is being made by state and emergency law is being used,” said Celine Widmer, a member of the Swiss National Council for the left-leaning Social Democrats.“There is a lot of anger and frustration in the Swiss population and we can feel that,” said Roland Fischer, another lawmaker. “In theory, we could reject it but that would not hold up legally.
“We demand a thorough investigation into how the Credit Suisse crisis could have come about,” Thierry Burkart, leader of the center-right FDP party, told Swiss newspaper Tages-Anzeiger.Credit Suisse’s rescue angered not only politicians but many in Switzerland. A survey by political research firm gfs.bern found a majority of Swiss did not support the deal.
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