European Economics Thread

Chevalier

Senior Member
Registered Member
Just a curious thought exercise:

We all know Switzerland destroyed their reputation as a neutral banking destination after they sanctioned Russia

What are the consequences so far, if any?

And for a rich person in danger of being targeted by the West, what other alternatives do they have to protect their wealth?
Switzerland was already compromised when Obama went after them because he wanted Delaware to be the new Switzerland, and then you have that crypto AG trojan horse which was basically the CIA getting a backdoor into swiss cryptography
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zbb

Junior Member
Registered Member
Just a curious thought exercise:

We all know Switzerland destroyed their reputation as a neutral banking destination after they sanctioned Russia

What are the consequences so far, if any?

And for a rich person in danger of being targeted by the West, what other alternatives do they have to protect their wealth?
Most of the money that left Switzerland went to Singapore.
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siegecrossbow

General
Staff member
Super Moderator


Most of the money that left Switzerland went to Singapore.
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Not like Singapore is that much safer… If you want real safety send it to Hong Kong.
 

Santamaria

Junior Member
Registered Member
Just a curious thought exercise:

We all know Switzerland destroyed their reputation as a neutral banking destination after they sanctioned Russia

What are the consequences so far, if any?

And for a rich person in danger of being targeted by the West, what other alternatives do they have to protect their wealth?
Switzerland destroyed its reputation far less than the EU or the U.S. so in relative terms they still absorb investments coming from those places.

As far as I can see here (I live in Switzerland even though I am not Swiss) things are far better than in Germany, where the economy is really killed like a chicken without head that still moves without knowing he is death anyway.

You can expect Switzerland to stay rich and absorb investment and best work from the EU during next decades, although at the end they will also suffer.

However here you can feel also the increase of energy prices, how uncompetitive their manufacturing is against China, and some other failures of the west in general.
 
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