Switzerland must consider automatic information exchange - finance minister

From Reuters:

"Switzerland must consider the automatic exchange of tax information with European Union governments if Swiss banks are to have unlimited access to EU markets, the country's finance minister said in an interview published on Sunday.

"If we want such a (financial services) agreement, we have to be prepared to take on European rules -- and Europe has the automatic exchange of information," Hans-Rudolf Merz was quoted saying in an interview with newspaper NZZ am Sonntag."

See more on automatic information exchange here.