SMRs and AMRs

Sunday, July 19, 2009

Swiss Minister to Meet Clinton Ahead Of UBS Deadline

Filed at 5:14 a.m. ET

ZURICH (Reuters) - The Swiss foreign minister is due to meet U.S. Secretary of State Hillary Clinton on July 31, just days before a deadline to reach a settlement in a damaging U.S. tax case against UBS.

Micheline Calmy-Rey told the NZZ am Sonntag newspaper in an interview she would probably meet Clinton on July 31, adding she hoped that strong Swiss ties with the United States should help seal a deal for UBS soon.

"UBS employs more people in the United States than in Switzerland. Given these interests of the United States, I hope that a solution will be possible soon," she told the paper.

"Our relations are very good. That is also useful in the case of UBS," she said, pointing to Switzerland's recent mediation in the Turkish-Armenia conflict and its representation of U.S. interests in Cuba and Iran.

(Continued here.)

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