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Reuters

Business

By Michael Shields

Swiss Finance Minister Maurer to step down at end of year

Covid-19 Switzerland

FILE PHOTO: Swiss Finance Minister Ueli Maurer attends a news conference in Vienna, Austria August 25, 2020. REUTERS/Leonhard Foeger/File Photo

Finance Minister Ueli Maurer, a fiscal hawk who recognised the need to turn on the money taps to help Switzerland get through the coronavirus pandemic, will step down at the end of this year, he said on Friday.

Maurer, former leader and still member of the right-wing Swiss People's Party (SVP), has been finance minister since 2016. He had also served as defence minister and held the revolving Swiss presidency in 2013.

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