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Swiss spooked by using debt to prop up economy


Swiss spooked by using debt to prop up economy
Issued on:
21/02/2021 - 04:36
4 min
Zurich (AFP)
Germany, which is known for strict budgets, has tapped debt markets to prop up its virus-hit economy, while neighbouring Switzerland has consistently curbed borrowing despite calls to change course.
With Swiss firms struggling through another lockdown, the federal government last week finally loosened its purse strings a bit, doubling emergency aid to 10 billion Swiss francs ($11.2 billion, 9.3 billion euros) as part of a programme to boost the economy.
But when he presented the package for companies worst hit by the latest Covid restrictions, Finance Minister Ueli Maurer again lamented that Switzerland had to borrow to boost the economy. ....

Rafael Lalive , Michael Graff , Jean Pierre Danthine , Leman Bleu , Ueli Maurer , Geneva Graduate Institute Of International , European Union , University Of Lausanne , Finance Minister Ueli Maurer , Cedric Tille , Graduate Institute , மைக்கேல் கிராஃப் , லெமன் ப்ளூ , ஜிநீவ பட்டதாரி நிறுவனம் ஆஃப் சர்வதேச , ஐரோப்பிய தொழிற்சங்கம் , பட்டதாரி நிறுவனம் ,