TIL Switzerland almost joined the EEA in 1992
byu/GetOutBasel inSwitzerland



Posted by GetOutBasel

6 Comments

  1. The Swiss franc would’ve not been replaced by the Euro. Only EU members are obligated to adopt it at some point.

    Norway, Liechtenstein (which literally uses the Swiss franc) and Iceland continue to use their own currency as part of the EEA and have no obligation to adopt the Euro.

  2. Switzerland would not have been obliged to join the Euro, as the EEA isn’t the same thing as the EU.

    For example, Liechtenstein, Norway and Iceland are all EEA members but are not EU members. Being part of the EEA allows these three countries to access the European “Single Market” without needing to follow *all* European directives (in the case of Norway and Iceland in particular this gives both countries significant latitude in fishing policy).

  3. Lejeune_Dirichelet on

    People always forget that this vote required a double majority, and that 14 and 4/2 cantons voted against while only 6 and 2/2 voted in favour. So it wasn’t close at all.

  4. Thank god for Christoph Blocher, who wisely saw what absolute shitshow that was going to be and did his damndest to keep us out of it, thus ensuring our stable economy and currency.