Switzerland SCRAPS talks with EU and rejects closer links 'we must protect OUR interests'

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    The proposals would have strengthened Switzerland’s economic ties with Brussels.

    In a statement the Swiss government said it had: “Concluded that there remain substantial differences between Switzerland and the EU on key aspects of the agreement.

    “The conditions are thus not met for the signing of the agreement.”

    It followed a Swiss cabinet meeting to discuss what had become a highly contentious issue.

    Whilst Switzerland is not an EU member state it is closely tied to the bloc via bilateral agreements.

    Over 100 of these govern its economic relations with EU member states.

    However the failure to reach a new deal means will prevent any extended access to the European single market, such as the proposed electricity union.

    More to follow…



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