You are here: Home » Reuters » News
Business Standard

Nervous Italians see Swiss vaults as safe haven for their cash

Reuters  |  MILAN/ZURICH 

By Elvira Pollina and Angelika GruberMILAN/ZURICH (Reuters) - Italians worried about political uncertainty are looking across the border to stable Switzerland as a place to park more of their wealth, asset managers say.While Italy's anti-establishment coalition government has stressed its commitment to the euro and pledged not to impose new taxes on its citizens' wealth, a stand-off with the European Union over budgets has left many Italians on edge.Holger Schmitz from asset manager Schmitz & Partner based in Switzerland on the shores of Lago Maggiore has seen business pick up."Since early ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 05 2018. 17:21 IST