Swiss voters to reject gold initiative: TV projection

November 30, 2014 12:13 PM

4 0

ZURICH (Reuters) - Swiss voters looked set on Sunday to clearly reject proposals that would have forced the central bank to buy up massive amounts of gold and imposed strict limits on immigration, threatening close economic ties to the European Union.

Switzerland's system of direct democracy gives citizens the right to force popular votes if they can gather enough signatures of support. The measures proposed on Sunday reflect a growing sense that traditional Swiss values are under threat.

Also read: Volkswagen Raises Earnings Outlook as It Returns to Profit

Read more

To category page