Swiss rally to defend employment

Tens of thousands rally for policy reform as Swiss economy contracts.

    Protesters travelled from across the country to participate in the demonstration [Reuters]

    "We are approaching 4 per cent unemployment," which he said was "a lot" for Switzerland.

    "We have had enough of 'bonus knights' and managers with excessive salaries," Paul Rechtsteiner, the USS chief, said.

    The Swiss economy shrank 0.8 and 0.3 per cent in the first and second quarters respectively in 2009.

    The central bank has forecast a contraction of up to three per cent for all of this year.

    Bern has launched three economic boosting programmes since the crisis struck, totalling $2.2 billion.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Learn what India's parties' symbols mean by drawing them

    Learn what India's parties' symbols mean by drawing them

    More than 2,300 political parties have registered for the largest electoral exercise in the world.

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.