Dare to be a little more Swiss!

The EU would do well to take on a little more direct democracy. Switzerland’s example shows that more citizen involvement in deciding on and control the country’s policy can make for a leaner state and lower debt. An EU-wide referendum on euro bonds, however, would be a mistake.

Published on 1 May 2013 at 11:38

Across the left end of the political spectrum, the cry “dare to be more like Switzerland!” can be heard. It’s new, and it’s original. The cause of all the enthusiasm for Switzerland is the Swiss referendum on the “Minder Initiative”– commonly called the “fat-cat pay initiative” in Germany, since hardly anyone here knows the initiator, Thomas Minder, owner of a Swiss family business and independent lawmaker.

The purpose of the latest Swiss initiative doesn’t need weighty analysis: if it leads to shareholders being able to directly decide the salaries their CEOs take home, it will amount to the correction of an institutional framework that could bring together ownership and control.

This content has been removed under request of the copyright owner.

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Voxeurop needs you. Join our community!

On the same topic