Swiss President Ueli Maurer played down prospects for quickly ending a standoff ...
ZURICH - Swiss President Ueli Maurer played down prospects for quickly ending a standoff with the European Union over a stalled partnership treaty that has disrupted cross-border stock trading and strained ties with Switzerland’s main trading partner.
Maurer, a member of the right-wing and EU-skeptical Swiss People’s Party, suggested no deal was likely before the current European Commission’s term expires at the end of October.“It does not matter whether it is the autumn or next spring. We have time and we also need time so that we really have something that we can explain, we understand and that serves Switzerland,” he said.
Swiss stock volumes have soared this month to their highest in years as the ban forced market participants onto the domestic exchange. If no Swiss-EU treaty deal emerges while Jean-Claude Juncker is still Commission president, Maurer may end up dealing with designated Commission President and former German defense minister Ursula von der Leyen. She knows Maurer from his days as Swiss defense minister before he took over the finance ministry.
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