Within Europe, the Swiss are caricatured as deliberate, unemotional, and imperturbable. Their reaction to the Corona Virus pandemic fits this stereotype. Of course, it helps that the Swiss are better positioned than other countries with a debt to GDP ratio of 40 percent (versus 81 percent for the US) and a fully funded unemployment insurance fund. (In the US, impending shortfalls at the state level will require huge federal bailouts).
Unlike raucous US politics, the Swiss formed a swift national consensus, and their rescue package is already underway, at an estimated cost of 5 percent of GDP. At this juncture, the US rescue package awaits approval by the House at a cost that will well exceed ten percent of GDP.