Ace Institute of Management, Kathmandu

(Affiliated to Pokhara University)

Submitted to: Mr. K.B Manadhar

Submitted by: Manisha Sah

Ace Institute of Management

MBA II, Section A

Date: 14/02/2024
Two important dates in Switzerland are regarded as very important. They are: 06 Sep 2011
& 15 Jan 2015.
• What were the main contents of these two decisions?
• Why were these decisions undertaken?
• What are the lessons?

The two important decisions in Switzerland's history on the given dates are:
September 6, 2011: The Swiss National Bank (SNB) announced that it would peg the Swiss
franc to the euro, aiming to prevent the Swiss franc from appreciating too much against the euro,
which would have made Swiss exports uncompetitive and risked tipping the economy into
recession
January 15, 2015: The Swiss people voted in a referendum to reject a proposal to introduce an
unconditional basic income, which would have provided a monthly payment to every Swiss
citizen, regardless of their employment status
The main content of the decision on September 6, 2011, was the pegging of the Swiss franc to
the euro, which was a response to the strengthening of the Swiss franc against the euro. The
decision was made to protect the Swiss economy from the negative effects of a strong Swiss
franc.
The main content of the decision on January 15, 2015, was the rejection of an unconditional
basic income, which would have provided a monthly payment to every Swiss citizen, regardless
of their employment status. The proposal was rejected due to concerns about its potential impact
on the Swiss economy and the cost of implementing such a program.
The reasons for these decisions were to protect the Swiss economy from the negative effects of a
strong Swiss franc and to maintain the country's economic stability. The decision to reject the
unconditional basic income was made due to concerns about its potential impact on the Swiss
economy and the cost of implementing such a program.
The lessons learned from these decisions include the importance of maintaining economic
stability and the potential consequences of major policy changes. The decision to peg the Swiss
franc to the euro demonstrated the importance of protecting the Swiss economy from external
shocks, while the decision to reject the unconditional basic income highlighted the potential
challenges of implementing major policy changes.