The latest developments

Special session on CS: National Council rejects urgent loans of CHF 109 billion

There is nothing more to shake about the rescue plan for CS. Nevertheless, the Swiss parliamentarians are meeting this week for an extraordinary session.

Philipp Gollmer, Nelly Keusch, Raffaela Angstmann, David Biner, Bern


The latest developments:

  • Shortly before midnight (April 11), the National Council rejected the urgent loans totaling CHF 109 billion. The business goes back to the Council of States, which has to settle the differences on Wednesday morning. A majority of SVP, SP and Greens prevailed. The two polar parties and the Greens had tried to attach several conditions to the approval, but could not find a majority with it – also because they were sometimes fighting each other. To the report
  • The Council of States accepted the subsequent approval of the commitments of CHF 109 billion in federal guarantees for the CS takeover with 29 yes to 6 no votes. Seven members abstained from voting on Tuesday (April 11). Individual councilors of the SVP, the Greens and the SP were against it. The SVP parliamentary group had already announced in advance that it would reject the loans. For analysis |To the report
  • The discussion in the Council of States will continue on Wednesday (April 12) at 8:15 am. Wednesday and Thursday are used to settle differences between the National Council and the Council of States.
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