Legislation that would have ended the Swiss banking laws and handed everything to the USA was defeated in a recent vote. The secrecy laws was put in place in 1934 to protect the Jews and Germans from Hitler who attempted the same thing making it criminal for a German to have an offshore account. The Sovereign Debt Crisis cannot be solved by even raising taxes to 120%. The politicians are desperate to hold on to power and cannot see their own destruction of the world economy is taking place because of their greed and corruption.
http://m.europe.wsj.com/articles/a/SB10001424127887324021104578552930613288170?mg=reno64-wsj
