According to Swiss Finance Minister Karin Keller-Sutter in a newspaper interview, high debt levels in the United States of America and Europe are threats to international financial stability and thus, by extension, threats to Switzerland.
In an interview with Swiss daily Blick, Keller-Sutter underscored the “disciplined” finances of Switzerland, which made it well prepared for the economic difficulties entailed by both the COVID-19 pandemic and Russia’s invasion of Ukraine.
Other countries are “so indebted they’re hardly able to act any more”, she mentioned, pointing to France.
“Or take a…
