Does Switzerland have any future? It's no longer a bank haven for rich Europeans evading taxes nor 3rd world dictators, its banks don't show entrepreneurial spirit in finding and investing into high-potential startups, rather to well-connected wantrepreneurs, there are no easy money to be made in Eastern Europe/Russia any longer, and its conservatism is likely going to prevent them from making necessary changes until…
Nestle -- the largest food company in the world (according to Wikipedia) -- is Swiss.
Does Switzerland have any future? It's no longer a bank haven for rich Europeans evading taxes nor 3rd world dictators, its banks don't show entrepreneurial spirit in finding and investing into high-potential startups, rather to well-connected wantrepreneurs, there are no easy money to be made in Eastern Europe/Russia any longer, and its conservatism is likely going to prevent them from making necessary changes until…
I would agree with your sentiment if you change your first sentence to "Do swiss banks have any future?"
Switzerland has some of the largest corporations in the world in the pharmaceutical industry, and they're by far leaders in the watchmaking industry. Banking isn't the only business they rely on.
And then there is pharma, high tech and companies like Logitech. Switzerland is doing just fine.
Just out of curiosity, which Swiss-grown high-tech is there? I know only of Sauber Group.
Does Switzerland have any future? It's no longer a bank haven for rich Europeans evading taxes nor 3rd world dictators, its banks don't show entrepreneurial spirit in finding and investing into high-potential startups, rather to well-connected wantrepreneurs, there are no easy money to be made in Eastern Europe/Russia any longer, and its conservatism is likely going to prevent them from making necessary changes until…
I would agree with your sentiment if you change your first sentence to "Do swiss banks have any future?" Switzerland definitely does.
Isn't banking a backbone of the whole Switzerland, and like the main owner of rental properties as well? A friend in Zurich explained to me that people want to buy properties, but nobody is selling and owners prefer rentals. If banking declines, that could lead to a strong rentier economy choking economical progress. I am not talking about major changes within a decade, but beyond that, especially in comparison to China or Singapore.
The Vatican was raided a few weeks ago at the same time AG Barr was visited the Italian intelligence minister. I would bet money this is related somehow.
Regardless of an alleged relation, I am very interested to know the details of Barr's Europe trip. I wonder if he will be visiting the FBI office in Ukraine.
He's saying that we're too use to kill each other in Europe, and we need some external power as middleman to keep heads cool, which is true. Just before the Ukranian war started I thought another war in Europe was nearly impossible. And here we are.
Did you forget about former Yugoslavia? What about the Turks and the Greeks? The UK might end up in a war in the next two decades or so if they slide any further. War is a long term guarantee.
Does Switzerland have any future? It's no longer a bank haven for rich Europeans evading taxes nor 3rd world dictators, its banks don't show entrepreneurial spirit in finding and investing into high-potential startups, rather to well-connected wantrepreneurs, there are no easy money to be made in Eastern Europe/Russia any longer, and its conservatism is likely going to prevent them from making necessary changes until…
Well, if you have a very large capital, and you don't do anything risky with it, it's going to work for it's own growth. You don't need to be very smart or inventive.
Switzerland is not in the part of the world that is experiencing massive population and productivity increase. It might keep its current level, though its relative significance could be quickly overshadowed by Singapore/Shanghai/Mumbai with resulting long-term negative effects, like inability to attract clients from those parts of the world experiencing highest growth and highest ROI.