Swiss vote on billion Swiss franc boost for EU newcomers

23-11-2006

The 10 newest members of the European Union stand to receive a huge cash injection from non-member Switzerland this weekend if Swiss voters approve controversial government plans for a one billion Swiss franc (630 million euro) grant. About half of the 10-year development package would go to Poland, ahead of Hungary and the Czech Republic, but the plan is opposed by right-wing isolationists in Switzerland who sought the referendum. The grant would be spent on chosen projects, ranging from fighting corruption, health care, cleaning up the environment, to promoting private enterprise including investment in small and medium sized companies.