Switzerland, known for its governance structure of direct democracy and consensus building, has recently witnessed some major political developments. In the recent parliamentary elections, the populist right-wing party, the Swiss People’s Party (SVP), lost its majority, making it the largest party but not the strongest. This shift in power has resulted in a more diverse and balanced representation in the Swiss government.

Another significant development in the political landscape of Switzerland is the growing influence of the Green Party. In the 2019 elections, the Green Party gained 17 seats in the parliament, making it the fourth-largest party in the country. This is a major win for the party, which has been pushing for stricter environmental policies and measures to combat climate change. With its increased presence in the parliament, the Green Party is now in a stronger position to influence policies and bring about change in Switzerland’s environmental stance.

Furthermore, the Swiss government has been facing pressure from the international community to address its low corporate tax rates and strict bank secrecy laws. In response to these demands, the government has agreed to relax its bank secrecy laws and implement a corporate tax reform, which will come into effect in 2020. This move is expected to bring in more revenue for the country and improve its reputation among other global players.

Overall, these recent political developments in Switzerland showcase the country’s