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Swiss backers of EU deal get boost from influential centre-right party

Published by Global Banking & Finance Review

Posted on October 18, 2025

2 min read

· Last updated: January 21, 2026

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Swiss backers of EU deal get boost from influential centre-right party
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ZURICH (Reuters) -The Swiss government received a boost in its efforts to pass the biggest overhaul of Swiss economic relations with the European Union in more than two decades when a centre-right

Centre-Right Party Supports Swiss Government's EU Deal Efforts

Political Support for the EU Deal

ZURICH (Reuters) -The Swiss government received a boost in its efforts to pass the biggest overhaul of Swiss economic relations with the European Union in more than two decades when a centre-right political party, which could prove crucial, gave its backing on Saturday.

Overview of the EU Agreement

The package of measures that covers anything from electricity to state aid, transport and freedom of movement, as well as Bern's financial contribution to the bloc, was agreed last December and signed off in June by the Swiss cabinet.

Opposition from the Swiss People's Party

It faces a referendum in Switzerland with the biggest group in parliament, the right-wing Swiss People's Party, or SVP, firmly opposed to it on the grounds it is inimical to national sovereignty, Swiss identity and control of borders.

Public Opinion on the Deal

The SVP's main rival on the right of the political spectrum, the business-friendly Liberals, or FDP, has been split on the question of Europe but in a ballot to set the party's stance, three-quarters of delegates voted to support the EU accord.

Concern about neutral Switzerland eroding its independence and unique status within Europe by getting too close to the EU is a potent political issue in the country, and eurosceptics have tended to look towards the United States as an alternative.

However, U.S. President Donald Trump's decision to impose 39% tariffs on Switzerland - far higher than the rate he set on the EU - has weakened the allure of the United States.

The Swiss government has pitched the EU accord as one that will help anchor the economy in uncertain times.

An opinion poll published last month showed that Swiss voters were twice as likely to back the EU deal as reject it.

A Swiss referendum on the deal is unlikely before 2027 and could be later still.

(Reporting by Dave Graham; editing by Barbara Lewis)

Key Takeaways

  • Swiss government receives support from a centre-right party for EU deal.
  • The EU agreement covers electricity, state aid, and more.
  • Swiss People's Party opposes the deal, citing national sovereignty concerns.
  • Public opinion is largely in favor of the EU deal.
  • A referendum on the deal is not expected before 2027.

Frequently Asked Questions

What is economic stability?
Economic stability refers to a condition where an economy experiences constant growth and low inflation, leading to a predictable environment for businesses and consumers.

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