Lausanne, Switzerland (l’Hebdo, Fre) - L’Hebdo news magazine this week carries an analysis of the financial crisis and how it is affecting Switzerland: the political world, long “lethargic,” is slowly waking up to a ticking time-bomb.

On the surface, little appears to be happening: the Federal Council says it will do everything possible to protect savers, but without giving details; Parliament is not taking an active role in finding solutions other than to ask for the guarantee on bank accounts to be raised; the Swiss National Bank is saying little to journalists or the public. But behind the scenes, l’Hebdo reports, the number of contacts has risen sharply among the national bank, government, Swiss Bankers Association and the banks themselves. Solutions are clearly being discussed, the article’s many interviews show, but the verdict is still out on how well Switzerland will be able to handle the crisis.

Ed. note: l’Hebdo, which used to carry few articles online, has increased its web presence in recent weeks, and many articles, such as this one, are now available online in their entirety.

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