Article #238488

Referendum on immigration limit could threaten EU agreements and cripple economy, say Swiss businesses

Switzerland will vote this summer on a proposal from the far-right Swiss People’s party (SVP) to limit the country’s population to 10 million, a move that would threaten key agreements with the EU and, opponents say, cripple its economy.

The government said on Wednesday the referendum on the SVP’s “No to a 10 million Switzerland” initiative, which is strongly opposed by both chambers of parliament and the business and financial services community, would be held on 10 June.