Switzerland: no legal effect from parliament's rejection of UBS credits

BERLIN, April 19 (Reuters) - The Swiss government said on Wednesday that the lower house of parliament's votes rejecting emergency guarantee credits for the Swiss National Bank and UBS (UBSG.S) do not have any legal effect on the country's commitments.

"However, the Federal Council will give the fullest consideration to Parliament's position in its future work and decisions," said the council in a statement.

Writing by Miranda Murray, Editing by Friederike Heine

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Switzerland: no legal effect from parliament's rejection of UBS credits

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio