Federal Council Aims to Execute UBS Agreement with USA
Bern, 27.1.2010 - The Swiss Federal Council firmly believes that the ongoing threat of a conflict with the USA over legal and sovereignty matters – with all of its negative impacts on Switzerland as a center of finance and business – can be eliminated for good only by executing the UBS Agreement. Further to an analysis of the Federal Administrative Court's latest ruling, the Council decided on Wednesday to continue talks with the USA. A possible second step would be to put the Treaty Request Agreement to Parliament for approval.