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Tag Archives: Politics

War on cash” update: A brighter outlook

Part I of II, by Claudio Grass, Switzerland For years, I’ve been following very closely all the relevant updates on the State’s war on cash. I’ve read and written a lot about all the direct and indirect efforts to restrict the citizens’ choices and make sure they shift all their transactions and savings to the digital realm, where they can be better monitored, controlled and if need be, confiscated, by central authorities.  For some time now, the future looked rather grim....

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Healthcare and pensions top Swiss worry list

Health doesn’t come cheap: and the Swiss are worried about it. © Keystone / Gaetan Bally Healthcare costs, the pension system and climate change are the top three burning issues for the Swiss, according to a survey published by the Tamedia group. Covid has slipped out of sight and mind. The cost of healthcare was most pressing for over two-thirds (67%) of the 26,000 respondents, while pensions and the climate were cited by 60% and 56% respectively, wrote Tamedia...

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Switzerland’s population older than ever, shows recent data

In Switzerland, almost 1.7 million people were aged 65 or older at the end of 2021, a figure that makes up 19% of the population, according to data published on 28 August 2022. Photo by cottonbro on Pexels.com In 2021, one woman in five and one man in six was aged over 64, according to the Federal Statistical Office (FSO). Switzerland’s dependency ratio, which is the percentage of the population over 64 divided by the working age population1, reached 31.1% in 2021,...

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The Russian Gold Standard

It is becoming increasingly clear that UN Nations are realising that it is very difficult to isolate a country that is already a global power. And not just a global power in terms of the military but also in terms of the world’s dependence on its energy exports. However, Russia’s energy exports are not the only thing the West benefits from. One little known fact about Russia is that its highest non-energy export is gold, exporting around $15 billion of gold bullion...

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Switzerland’s population older than ever, shows recent data

In Switzerland, almost 1.7 million people were aged 65 or older at the end of 2021, a figure that makes up 19% of the population, according to data published on 28 August 2022. Photo by cottonbro on Pexels.comIn 2021, one woman in five and one man in six was aged over 64, according to the Federal Statistical Office (FSO). Switzerland’s dependency ratio, which is the percentage of the population over 64 divided by the working age population1, reached 31.1% in 2021, the highest it has...

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Swiss prepare for energy shortage ‘extreme scenarios’

Electricity pylons and power supply lines in central Switzerland (archive picture) Keystone / Alessandro Della Bella The Swiss government and cantons are aiming to be prepared for “extreme scenarios” in the face of possible energy shortages this winter, a top cantonal security official says. For example, a power grid shutdown or blackout would have far-reaching consequences, Fredy Fässler, the president of the Conference of Cantonal Justice and Police Directors, said...

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Poll finds early support for pension reform and eco-friendly farming

Yes or No: Swiss voters have the final say on several issues as part of the system of direct democracy. (The picture shows a display ballot box) Keystone/Ennio Leanza Despite leading in latest polls, a proposed ban on factory farming in Switzerland has limited chances of success at the ballot box next month, pollsters say. A reform of the old age pension scheme enjoys more solid backing. The slim margin between supporters and opponents of a factory farming ban in...

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Winter electricity cuts feared, says head of Swiss commission

Electricity cuts lasting several hours are predicted this winter in Switzerland, according to Laurianne Altwegg, vice president of the Federal Electricity Commission. This winter we should ensure we have enough candles and wood for a wood stove for those who have one, advised Altwegg in an interview with RTS. Photo by MD Molla on Pexels.com Outages may not occur, but it is necessary to be prepared, he said. During the coming winter, it is estimated that Switzerland...

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Winter electricity cuts feared, says head of Swiss commission

Electricity cuts lasting several hours are predicted this winter in Switzerland, according to Laurianne Altwegg, vice president of the Federal Electricity Commission. This winter we should ensure we have enough candles and wood for a wood stove for those who have one, advised Altwegg in an interview with RTS. Photo by Pixabay on Pexels.comOutages may not occur, but it is necessary to be prepared, he said. During the coming winter, it is estimated that Switzerland could fall 3 TWh short of...

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Covid and Ukraine aid push Switzerland’s deficit deeper into the red in 2022

On 17 August 2022, Switzerland’s government announced a new net spending estimate for 2022 showing a deficit of CHF 5 billion, more than double the budget deficit of CHF 2.3 billion announced in December 2021. © Pichetw | Dreamstime.comThe two main drivers of the higher estimated loss for 2022 are higher spending related to the Covid-19 pandemic (+3.2 billion) and aid related to the Ukraine war and Ukrainian refugees (+0.9 billion). The total of these spending increases (+5.0 billion)...

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