Rescue package fails
No aid for Credit Suisse
Parliament votes no

#creditsuisse #swissparliament #ubs #merger #haiku #poetry

https://www.reuters.com/world/europe/swiss-parliament-meets-second-day-over-credit-suisse-rescue-2023-04-12/

#Switzerland can #ArmUkraineNow — provided the #SwissParliament deigns amending the Federal Act on War Material #WMA.

Proposal:
> In derogation of [art. 22a §2a](https://www.fedlex.admin.ch/eli/cc/1998/794_794_794/en#art_22_a), authorisation may be granted for export trade with countries acting in self-defense as per UN Charta article 51.
> In particular, this currently holds for Ukraine.

[Emergency legislation can come into force as soon as adopted](https://www.fedlex.admin.ch/eli/cc/1999/404/en#art_165).