The Swiss federal government has recently undergone several major political reversals, but specific agreements with the EU on the free movement of workers and the sectors of tax evasion have been dealt with within the Swiss banking system. This was the result of the first Ue-Switzerland summit in May 2004, during which nine bilateral agreements were signed. Romano Prodi, former president of the European Commission, said the agreements had “brought Switzerland closer to Europe.” Joseph Deiss of the Federal Council said: “We may not be at the centre of Europe, but we are definitely at the heart of Europe.” He continued: “We are entering a new era of relations between our two entities.”  In 2009, Switzerland participated in the Schengen area by adopting an association agreement by referendum in 2005.  This means that there is no passport control at Switzerland`s borders with neighbours, although customs controls remain in place. The 1972 Free Trade Agreement created a free trade area for 98% of Swiss exports to the EU, so that the people`s party`s assertion is to some extent correct. This, they say, is due to the fact that the end of the free movement of people between the two partners – as requested by the initiative – would automatically lead to the abolition of all other bilateral agreements of 1999 (also known as bilateral i) governing trade in goods and services. The party`s former president, Albert Rasti, went further and told the Neue Zeitung that the 1972 free trade agreements and WTO agreements “have free and indiscriminate access to EU markets.” Unlike bilateral agreements, these agreements would remain valid in the event of a “yes” vote. Although both important for trade relations, the free trade agreement and the WTO system each have their own limits. In 2010, Switzerland had accumulated some 210 trade agreements with the EU. In the wake of institutional changes within the EU, particularly in foreign policy, and the growing role of The President of the European Parliament and the European Council Herman Van Rompuy and Swiss President Doris Leuthard, they expressed a desire to “reset” EU-Switzerland relations by simplifying and more cleanly the application of EU law in Switzerland.  In December 2012, the Council of the European Union stated that there would be no further treaties on the internal market if Switzerland and the EU failed to reach agreement on a new legal framework similar to that of the EEA, which would link Switzerland, among other things, to the evolution of EU legislation.
 José Manuel Barroso, President of the European Commission, then reiterated this position. However, a second referendum on Swiss membership should not be expected and Swiss public opinion continues to oppose membership.  If bilateral agreements are denounced, no WTO agreement could replace them. NOTE that the common populations of the two countries should benefit from close cooperation between the two governments in the areas of trade and development; The currency of Switzerland is the Swiss franc. Switzerland (along with Liechtenstein) is in an unusual position to be surrounded by countries using the euro. As a result, the euro is de facto accepted in many places, especially near borders and tourist regions. Swiss federal railways accept euros, both at ATMs and ATMs.  Many public telephones, ATMs or ATMs also accept euro coins. Many stores and small businesses that accept the euro only take notes and change in Swiss francs, usually at a less favourable exchange rate than banks.