ZURICH (Reuters) – Swiss Finance Minister Ueli Maurer dominated out authorities assist for customers hit by excessive power costs and mentioned funds cuts could also be wanted as a result of the federal government wouldn’t elevate taxes to climate a looming financial storm.
“Petrol costs are reasonably priced in rich Switzerland,” he informed the Tages-Anzeiger paper in an interview printed on Wednesday.
Maurer, a fiscal hawk from the right-wing Swiss Folks’s Celebration, mentioned a recession was nearing however its severity trusted how lengthy the warfare in Ukraine lasted and on power costs.
He mentioned Swiss banks ought to resist strain to step up enforcement of sanctions on Russians being punished within the West for the invasion of Ukraine.
“If something we should always say: Decelerate a bit and do not implement the sanctions with a ‘Swiss end’. Our banks most likely sanction extra harshly than anybody else,” he was quoted as saying.
He mentioned Switzerland ought to use gas-fired energy vegetation and lengthen the lifetime of nuclear energy vegetation to assist meet its power wants, including that Switzerland would assist to finance gasoline terminals that neighbour Germany was constructing.
(Reporting by Michael Shields; Enhancing by Edmund Klamann)