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The Swiss Federal Council acted quickly on news that Egyptian president Hosni Mubarak has resigned. Neue Zürcher Zeitung reports (my translation):
The Swiss Federal Council has immediately frozen all money deposited in Switzerland by resigned Egyptian president Hosni Mubarak and his personal entourage. The Federal Council has issued an appropriate order, Federal Council press spokesman André Simonazzi informed the news agency SDA on Friday. The order requires all Swiss banks to examine their accounts and to freeze any which are covered.
A spokesman for the Foreign Ministry in Berne furnished an additional explanation: “The Federal Council seeks by this measure to avoid any risk of misappropriation of property of the Egyptian state.” The spokesman had no response to questions about the scope of assets covered by the order. The order has a duration of three years.
More from Scott Horton:
Six Questions — October 18, 2014, 8:00 pm
Nathaniel Raymond on CIA interrogation techniques.
Mark Denbeaux on the NCIS cover-up of three “suicides” at Guantánamo Bay Detention Camp
Estimated cost of the environmental damage caused each year by the world’s 3,000 largest companies:
Two thirds of U.S. teenagers experience uncontrollable rage.
Beekeepers began extracting 1 million honeybees living beneath the siding of a house in New York State.
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“Shelby is waiting for something. He himself does not know what it is. When it comes he will either go back into the world from which he came, or sink out of sight in the morass of alcoholism or despair that has engulfed other vagrants.”