Your Investment & Business Network Has Everything You Need to Stay Informed and Make Informed Decisions.
⎯ 《 Yibn • Com 》

Swiss Right-Wing Party Set for Best Result Ever, NZZ Says

2023-10-22 20:47
Switzerland’s anti-immigrant People’s Party is in line to achieve its strongest showing ever in national elections, according to
Swiss Right-Wing Party Set for Best Result Ever, NZZ Says

Switzerland’s anti-immigrant People’s Party is in line to achieve its strongest showing ever in national elections, according to a projection by the NZZ newspaper.

The SVP — as the party is known by its German acronym — is set to win 30.1% of votes, up from 25.6% four years ago. That’s an even stronger win than expected in opinion polls. Country-wide results will be published later on Sunday.

The party has been Switzerland’s most popular for two decades. With domestic issues dominating the campaign, the SVP benefited from voters’ attention on immigration. That focus was harnessed into the party’s push to limit the country’s population to 10 million people, citing overstretched infrastructure and lack of housing.

The projections also match pre-election polls in suggesting that the Social Democrats would come in a distant second, with the pro-business Free Democrats and the Center Alliance trailing. Switzerland’s two Green parties are set to reverse gains made four years ago.

Irrespective of the results, a shift in Switzerland’s executive is unlikely as the 7-member government isn’t formed by a coalition or outright majority but is a compact between the largest parties. Ministers will be elected by lawmakers on Dec. 13.

Right-wing parties have seen a swell across Europe recently, with Germany’s AfD receiving a boost from voters in regional ballots and Italy’s Prime Minister Giorgia Meloni still riding high in polls after a year in office. In neighboring Austria, the anti-immigrant Freedom Party is the front-runner for 2024 elections.

A first forecast of parliament seats expected at 6 p.m. local time.

(Updates with latest results starting in second paragraph)