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The Swiss government just refused to back down to the EU, after the EU repeated its ultimatum to cut off access for Swiss stock exchanges from 1 July if Switzerland does not accept an update to the EU-Swiss relationship (which includes ECJ and dynamic alignment with EU rules)
Exactly today 20 years ago, the EU agreed a package of bilateral deals with Switzerland, granting the country selective market access in return for selective rule-taking (after 1992 referendum). Today, the EU dubs this #Chequers-style deal "cherry picking"
In an internal message to @JunckerEU, EU Commissioner @JHahnEU accuses #Switzerland of "playing for time", stating that to restrict access for Swiss stock exchanges is a "necessary" "warning signal", to deal with lacking political will to concede to the EU
