SWITZERLAND: Parmelin Confirmed As President Of The Confederation For 2nd Time
Dec-10 15:25
Vice President Guy Parmelin has been confirmed as the next president of the Swiss Confederation after a vote in the Swiss Federal Assembly earlier today. Parmelin hails from the right-wing Swiss People's Party and has served as vice president for the past year while also leading the Department of Economic Affairs, Education and Research since 2018. Under the unique Swiss political system, Parmelin does not hold any more formal powers than the others on the seven-member Federal Council, which acts as the country's joint head of gov't and state. The president chairs the committee and often acts as a ceremonial head of state when dealing with foreign leaders.
- Incumbent President Karin Keller-Sutter gained prominence in 2025, when she initially acted as point-person in talks with the Trump administration in the US regarding tariffs. A disastrous phone call in July, followed by a humiliating trip to Washington, D.C., in August, where Keller-Sutter was not able to meet with officials responsible for trade, saw 39% tariffs imposed and the president of the confederation take a back seat in negotiations.
- Instead, Parmelin took on the responsibility, given that his department is responsible for trade. The deal agreed in November is set to see a lower 15% tariff come in on an unspecified date.
- The Federal Assembly vote was overwhelming, with 203 of the 228 ballots cast in favour. It is the highest support this century, exceeding the 188 votes cast in his favour ahead of his first presidential term in 2021, and above the average since 2000 of 172.
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For the full preview click here.
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UK FISCAL: Reeves: Most explicit on breaking manifesto and 2 child benefit cap
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