May 25, 2020 | Documents

This article proposes a path that does not rely on recourse to debt, that would not be more costly for the Confederation than the current solution, and that would not entail any additional risk for the Swiss economy and its financial institutions, while at the same time offering a real alternative to small and medium-sized enterprises.

(Original article published in German by Finanz und Wirtschaft)

Jean-Pierre Danthine, EPFL

Rüdiger Fahlenbrach, EPFL

Erwan Morellec, EPFL