Tuesday, March 13, 2012

Swiss economics minister assumes 1-year presidency

Swiss Economics Minister Doris Leuthard has assumed the country's presidency for 2010.

The post rotates among the seven members of the federal Cabinet and they continue to hold their existing portfolio while fulfilling the president's duty as the nation's political figurehead.

Leuthard takes over from Finance Minister Hans-Rudolf Merz whose presidency was overshadowed by concessions on banking secrecy and a bitter row with Libya resulting from the brief arrest of Moammar Gadhafi's son in a Geneva hotel.

The 46-year-old Leuthard, a member of the Christian Democratic Party, is the third woman to hold the post after current Foreign Minister Micheline Calmy-Rey in 2007 and former Interior Minister Ruth Dreifuss in 1999.

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