Saturday, February 22, 2014

Swiss Pi$$ Off Bankers

"Swiss voters narrowly OK curbs on immigration; Quota initiative expected to create friction with EU" by Melissa Eddy |  New York Times, February 10, 2014

BERLIN — A narrow majority of voters in Switzerland on Sunday approved proposals that would reintroduce restrictions on the number of foreigners allowed to live and work in the country, a move that could have far-reaching implications for Switzerland’s relations with the European Union.

The referendum on the changes to the country’s liberal immigration law was a rebuke to the Swiss government, the banking industry, and business leaders who had lobbied against the restrictions, warning such a move could endanger Switzerland’s prosperity. The admonitions failed to drown out the warnings of the rightist Swiss People’s Party, which introduced the referendum that it said was necessary if Switzerland was to retain its identity.

Switzerland, which is not part of the European Union, has one of the highest proportions of foreigners in Europe, accounting for about 27 percent of the country’s population of about 8 million. Many job seekers have arrived from countries hit hard by the European economic crisis.

Immigration has become a polarizing issue across Europe. More prosperous nations are growing worried that their welfare systems cannot handle an influx of workers from the economically weaker Eastern European countries.

Far-right parties with anti-immigrant platforms in France, the Netherlands, and Norway have gained strength in recent years, and there have been sharp debates in Britain and Germany over limiting the number of immigrants from Bulgaria and Romania because citizens from those countries gained full access to European Union job markets this year.

The Swiss initiative foresees annual quotas on the number of immigrants allowed to work in the country, as well as limits for specific sectors. It would also require preference be given to Swiss applicants for open positions. The proposal passed with the support of 50.3 percent of those who voted; 56 percent of eligible voters cast ballots. The largest cities, Zurich and Basel, rejected the vote, and rural areas supported it.

In Brussels, the European Commission issued a statement saying it was “disappointed” that the initiative had passed, adding that it would have to study the vote’s implications on relations between the European Union and Switzerland.

The results seemed to reflect a disconnect between the government and industry and voters, who approved the introduction of curbs on excessive salaries for business executives two years ago.

“We always thought the argument about jobs would win people over,” Urs Schwaller, a lawmaker with the centrist Christian People’s Party, said in an interview with the Swiss television channel SRF. “Clearly, that wasn’t enough.”

The Swiss People’s Party has been particularly skillful at using such popular votes to push for immigration controls in recent years. After growing pressure, the government reintroduced quotas in 2012 limiting the number of work permits that could be issued for European Union citizens.

“What the verdict means for relations between Switzerland and the EU is completely open, but it certainly won’t be good for the economic vitality and prosperity in this country,” the left-leaning newspaper Neue Zürcher Zeitung wrote in an editorial on its website.

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