Swiss parliament holds emergency session on Credit Suisse rescue

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Swiss parliament holds emergency session on Credit Suisse rescue
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Since Switzerland's authorities last month pulled out all the stops to rush through a rescue of Credit Suisse , a storm has been brewing in the normally tranquil country.

A view shows the logo of Credit Suisse on a building near the Hallenstadion where Credit Suisse Annual General Meeting took place, two weeks after being bought by rival UBS in a government-brokered rescue, in Zurich, Switzerland, April 4, 2023.

The vote is, however, largely symbolic as the state has already committed the funds and lawmakers cannot overturn that decision. "It's the responsibility of politics to have a say especially when such a big contribution is being made by state and emergency law is being used," said Celine Widmer, a member of the Swiss National Council for the left-leaning Social Democrats."There is a lot of anger and frustration in the Swiss population and we can feel that," said Roland Fischer, another lawmaker. "In theory, we could reject it but that would not hold up legally.

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