Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

BREAKING NEWS

BREAKING NEWS

EU says Switzerland must endorse treaty before June 18 - letter

EU says Switzerland must endorse treaty before June 18 - letter
Text size Aa Aa

BRUSSELS (Reuters) – The European Union’s chief executive warned Switzerland on Tuesday that it needs to formally endorse a new partnership treaty before June 18 to be able to keep the Swiss stock exchange’s access to the bloc’s financial markets.

In a letter to the Swiss president, European Commission President Jean-Claude Juncker said he was ready to clarify any doubts but that the November 2018 draft treaty “will not be renegotiated.”

The so-called equivalence treatment of the Swiss exchange under EU law expires at the end of June, but procedural reasons require the EU Commission to make a formal proposal for an extension by June 18, an EU diplomat told Reuters last week.

(Reporting by Robin Emmott)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.