Swiss lawmakers resumed their debate over the rescue of Credit Suisse on Wednesday after they failed to reach an agreement a day earlier, taking the game of ping pong between parliament's two chambers into a second day.
The logo of Swiss bank Credit Suisse is seen in front of a branch office in Bern, Switzerland November 29, 2022. REUTERS/Arnd Wiegmann/File Photoon Wednesday after they failed to reach an agreement a day earlier, taking the game of ping pong between parliament's two chambers into a second day.
"It doesn't really matter what we decide in detail, but it would really send a bad signal if these loans were rejected," said Eva Herzog, who is a member of the Council of States, the upper house.The government had already committed the financial guarantees, using emergency law to largely bypass the legislative body in a move that has angered politicians.
Speaking in parliament on Wednesday, finance minister Karin Keller-Sutter said lawmakers needed to consider what sort of a financial centre Switzerland wanted to be and what message their rejection of the rescue would send to the world.
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