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Q.

Doe Swiss Govt use money of Swiss bank ?

Asked by Vilas Pardhe, 19 May '09 11:36 pm
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Answers (2)

 
1.

Most of the money in Swiss banks is the money of our politicians..swiss government is standing guard for this ill gotten treasure of indians .ha ha ha!
Answered by inquisitive, 19 May '09 11:46 pm

 
  
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2.

Yes....It must be investing in other sources...

Switzerland is a prosperous nation with a gross domestic product (GDP) higher than that of some larger western European nations. In addition, the value of the Swiss franc (CHF) has been relatively stable compared to that of other currencies.[3] In 2003, the financial sector comprised an estimated 14% of Switzerland\'s GDP and employed approximately 180,000 people (110,000 of whom work in the banking sector); this represents about 5.6% of the total Swiss workforce.[4]

Swiss neutrality and national sovereignty, long recognized by foreign nations, have fostered a stable environment in which the banking sector was able to develop and thrive. Switzerland has maintained neutrality through both World Wars, is not a member of the European Union, and was not even a member of the United Nations until 2002.[5][6]

Currently an estimated one-third of all funds held outside their country of origin (sometimes called \"offshore\" funds) are kept ...more
Answered by anantharaman, 20 May '09 12:07 am

 
  
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