Real money initiative fails after lack of support from cantons – Swiss broadcaster

ZURICH, June 10 (Reuters) – A radical plan to upend Switzerland’s financial landscape by barring commercial banks from creating money has been defeated after failing to win a majority of support from the Swiss cantons, Swiss broadcaster SRF said on Sunday. The measure needed to secure a majority of Switzerland’s 26 cantons as well as a simple majority of voters to be successful.
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