Behind every billionaire there is a story!

Ousted Swiss minister threatens political revenge

Christoph Blocher, Switzerland’s leading rightwing politician, yesterday warned he would exact revenge for his ejection from the new government, as his Swiss People’s party, the SVP, called time on the consensual system that has dominated national politics for decades.

The billionaire industrialist turned politician said the SVP would go into opposition, overturning Switzerland’s traditional system of coalition governments and taking the country into uncharted political territory.

The SVP, which had taken 29 per cent of the vote in October’s general election, making it the biggest political party, could paralyse the new government, which Mr Blocher ridiculed as a “centre-left administration” in a bitter parting speech to parliament.

The party, which is well-financed and formidably organised, said it would exploit the full potential of Switzerland’s referendum-based, direct democracy to challenge any legislation it found unacceptable.

read the rest published by FT here:

http://www.ft.com/cms/s/0/3c11b272-a9e7-11dc-aa8b-0000779fd2ac.html