Swiss econ min optimistic UBS deal will be passed

ST. GALLEN, Switzerland, May 7 (BestGrowthStock) – Switzerland’s
economy minister said on Friday she believed parliament would
back a crucial deal to pass on data of U.S. clients of UBS
(UBS.N: ) (UBSN.VX: ) to U.S. tax authorities.

When asked whether she was optimistic parliament would
approve the UBS deal, Doris Leuthard answered:

“Yes, I think there’s movement towards a majority.”

Leuthard, who is also serving as Swiss president this year,
said her government had no back-up plan if the UBS deal, which
currently faces some political opposition in Switzerland, was
rejected.

“There’s no plan B. We want to stick to our word. We think
this deal is necessary, important,” she said.

Stock Market News

(Reporting by Catherine Bosley)

Swiss econ min optimistic UBS deal will be passed