Swiss Leaders Urge Voters to Reject 10 Million Population Cap

A referendum proposal would cap Switzerland's population at 10 million; the federal government urged voters to reject it, arguing the cap would damage prosperity, security and ties with the EU. The government's intervention raises political uncertainty around immigration and bilateral relations but is unlikely to produce immediate, large market moves.

Analysis

A referendum proposal would cap Switzerland's population at 10 million; the federal government urged voters to reject it, arguing the cap would damage prosperity, security and ties with the EU. The government's intervention raises political uncertainty around immigration and bilateral relations but is unlikely to produce immediate, large market moves.