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The downfall of Credit Suisse (CS) and Switzerland's EU relations have highlighted the SVP's controversial role, particularly through figures like Ueli Maurer and Magdalena Martullo-Blocher, who resist EU cooperation. The complex path towards renewing treaties with the EU raises questions about future referendums and the potential for full EU membership, which remains distant. Meanwhile, the EEA option, previously rejected, could have simplified Switzerland's EU relationship, as seen with Norway and Liechtenstein.
On a pivotal Friday, discussions in Bern shifted from the downfall of Credit Suisse to Switzerland's future with the EU, highlighting the SVP's central role. Former Federal Councillor Ueli Maurer's failure to communicate during the CS crisis and Magdalena Martullo-Blocher's staunch anti-EU stance complicate Switzerland's path, as the electorate remains divided on EU relations, with a referendum looming until 2027. Meanwhile, the melancholic atmosphere surrounding Federal Councillor Ignazio Cassis contrasts sharply with the rapid decline of Credit Suisse and the uncertain geopolitical climate as Donald Trump prepares for his second term.
Donald Trump demands NATO countries increase military spending to 5% of GDP, while the EU faces rising debt and discontent among its member states. Switzerland, thriving through various industries, resists EU integration, with political leaders struggling to gain public support for a contentious treaty that may face significant opposition in upcoming elections.
The recent discussions in Bern have intensified around the conclusion of negotiations between Switzerland and the EU, alongside the Parliamentary Investigation Committee's report on the Credit Suisse emergency merger. Party leaders expressed contrasting views, with SVP's Martullo-Blocher criticizing the government's approach, while SP's Meyer and FDP's Burkart welcomed the negotiation outcomes, emphasizing the importance of wage protection and the continuation of bilateral agreements. The debate highlights ongoing concerns about sovereignty and immigration control amid evolving relations with the EU.
The representation of women in top corporate finance roles in Switzerland is on the rise, with female CFOs now making up 13% of the positions among listed companies, doubling from the previous year. This figure is approaching the overall female management average of 17%. However, women CEOs remain scarce, with only eight currently in Switzerland, including notable figures like Magdalena Martullo-Blocher and Suzanne Thoma.
Magdalena Martullo-Blocher, Vice-President of the SVP, advocates for a free trade agreement with the USA, explicitly excluding agricultural products. She expresses concerns about Germany's precarious situation and shares her views on subsidies for the steel industry.
Gérard Wertheimer, co-owner of Chanel, remains the richest person in Switzerland with a fortune of CHF37 billion, despite a decline due to a slowdown in the luxury sector. The Hoffmann, Oeri, and Duschmalé family follows in second place with CHF28-29 billion, while Klaus-Michael Kühne ranks third with CHF27-28 billion. The Blocher family has seen their wealth grow to CHF15-16 billion, and Guillaume Pousaz rounds out the top ten with CHF14-15 billion.
Gérard Wertheimer, co-owner of Chanel, remains Switzerland's richest person in 2024, with a fortune of 37-38 billion francs, despite a decline in the luxury sector. The Hoffmann, Oeri, and Duschmalé family follows with 28-29 billion, while Klaus-Michael Kühne holds third place with 27-28 billion. The Blocher family and Guillaume Pousaz round out the top ten, with fortunes of 15-16 billion and 14-15 billion francs, respectively.
ÖKK offers the cheapest basic health insurance premiums for 2025, while Helsana leads in alternative models. The Federal Council plans to reform widows' pensions, limiting them until children turn 25. Meanwhile, 3,000 North Korean soldiers are reportedly training in Russia, and Rudolph Giuliani must relinquish luxury assets to settle a $150 million damages claim.
Magdalena Martullo-Blocher, head of the chemical company Ems, warns that the Juso inheritance tax initiative could impose a 50% tax on inheritances over CHF 50 million, potentially costing her family CHF 2.5 billion. She expresses concern for her children and siblings, all of whom are entrepreneurs facing similar financial burdens.
Magdalena Martullo-Blocher
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