Switzerland ‘losing global clout’, warns ex-central banker

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(The Swiss Info)

Switzerland’s fading influence on the international stage is a cause of concern to former Swiss National Bank (SNB) chairman Philipp Hildebrand.

Hildebrand, who this week ended his race to become the next head of the Organisation for International Co-operation and Development (OECD), believes the country should act to restore its global voice.

In an interviewExternal link with the NZZ am Sonntag newspaper, Hildebrand suggested that Switzerland could emulate Singapore, which exerts considerable muscle via the global investments of its sovereign wealth fund.

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