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Swiss Miss

Swiss Government To The U.S. Senate: Kiss Our Butts Bullion

The Swiss Wish To Miss Senate Hearings

February 23. 2009

Washington

Switzerland is angry with Washington over roughing up its top bank UBS and forcing them to give over a list of American customers' names, some of whom are tax dodgers.

The U.S. government has placed Switzerland in a difficult position, as their country's economy largely depends on private banking for financial survival.

In retaliation, Switzerland is vowing to boycott Senate hearings and remove a fortune in gold stored in America.

Swiss party wants to punish U.S. for UBS probe

Sat Feb 21, 2009 9:53am EST -ZURICH, Feb 21 (Reuters) - The right-wing Swiss People's Party (SVP) called on Saturday for retaliation against the United States over a U.S. tax probe into the country's biggest bank UBS that threatens prized banking secrecy.

The populist SVP, the country's biggest party, said Switzerland should not take in any detainees from the U.S. prison for terrorism suspects at Guantanamo Bay in Cuba, which the Swiss government said last month it could consider to help shut the camp down.

Switzerland should also reconsider its policy of representing the United States in countries where it has no diplomatic presence, the parliamentary SVP said in a statement.

The SVP said gold stored by the Swiss National Bank in the United States should be repatriated and Switzerland should ban the sale of U.S. funds in the country to protect Swiss investors after the failure of U.S. regulators...

http://www.reuters.com

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