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Switzerland: Political Developments and Data in 2023

Credit Suisse Collapse—or: A Country in the Global Spotlight and Constrained by Global Interconnectedness

Published online by Cambridge University Press:  01 January 2026

RAHEL FREIBURGHAUS*
Affiliation:
University of Bern, Switzerland
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Abstract

In 2023, Switzerland's profound integration into the globalized world was particularly evident, fundamentally challenging the notion of political sovereignty. Yet, this interconnectedness also means that Swiss domestic rules strongly reverberate around the world, such as in the case of policy failure regarding financial regulation. This article explores how global developments shape Swiss politics, from campaign dynamics ahead of the 2023 federal elections to externally imposed legislative agendas. Even the notorious “Swiss” direct democracy no longer solely reflects citizen-initiated proposals as further evidenced that year. The article also underscores the inertia of Swiss-style consensus democracy in gearing up its institutional design for polycrisis. It concludes with a discussion of two major political issues: the collapse of Credit Suisse, one of Switzerland's two leading banks, which marks the most far-reaching shake-up of the global banking sector since the 2008 financial crisis, and a potential break-through in the longstanding stalemate in Swiss–EU relations.

Information

Type
Original Article
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.
Copyright
Copyright © 2024 The Author(s). European Journal of Political Research Political Data Yearbook published by John Wiley & Sons Ltd on behalf of European Consortium for Political Research.
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Table 1. Elections to the lower house of the Parliament (Nationalrat/Conseil national) in Switzerland in 2023

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Table 2. Elections to the upper house of the Parliament (Ständerat/Conseil des États) in Switzerland in 2023

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Table 3. Results of regional (i.e., cantonal: Basel-Landschaft; Zurich; Appenzell-Ausserrhoden; Geneva; Lucerne; Ticino) elections in Switzerland in 2023

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Table 4. Results of three referenda held on 18 June 2023 in Switzerland

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Table 5. Cabinet composition of the Federal Council in Switzerland in 2023

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Table 6. Party and gender composition of the lower house of Parliament (Nationalrat/Conseil national) in Switzerland in 2023

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Table 7. Party and gender composition of the upper house of Parliament (Ständerat/Conseil des États) in Switzerland in 2023