Switzerland has much to gain from cooperating with the EU

Date: 01/07/1999

in its efforts to collect taxes on Union citizens' savings and could lose out if it refuses to help, Acting Internal Market Commissioner Mario Monti warned during a visit to Zurich this week. “Switzerland is attractive as a financial centre because of its efficiency and competitiveness, not its capacity to attract tax evaders.” he insisted, adding that Bern would not have to abandon its banking secrecy rules.