implications of the result on EU–Swiss relations since literal implementation would invoke the guillotine clause. On 22 December 2016, Switzerland and the EU concluded an agreement whereby a new Swiss law (in response to the referendum) would require Swiss employers to prioritise Swiss-based job seekers (whether Swiss nationals or non-Swiss citizens registered in Swiss job agencies) whilst continuing to observe the free movement of EU citizens into Switzerland thus allowing them to work there. Swiss financial contributions Since 2008, Switzerland has contributed CHF 1.3 billion towards various projects designed to reduce the economic and social disparities in an enlarged EU. One example of how this money is used is Legionowo railway station, Poland, which was redeveloped with CHF 9.6 million from the Swiss budget. Proposed framework accord Negotiations between Switzerland and the European Commission on an institutional framework accord began in 2014 and concluded in November 2018. On 7 December 2018, the Swiss Federal Council decided to neither accept nor decline the negotiated accord, instead opting for a public consultation. The negotiated accord would cover five areas of existing agreements between the EU and Switzerland made in 1999: free movement of persons air transport carriage of goods and passengers by rail and road trade in agricultural products mutual recognition of standards Notably, the accord would facilitate EU law in these fields to be readily transposed into Swiss law, and the European Court of Justice would be the final and binding arbiter on disputes in these fields. If the accord were accepted by Switzerland, the country would be in a similar position with regard to imposition of EU law (albeit only in the above five fields) as that in the other EFTA countries which are members of the EEA. Further to matters of sovereignty, specific concerns raised in Switzerland include possible impact on state aid law on the cantonal banks, the potential for transposition of the into Swiss law (and any resulting impact on social welfare for example) and the possible impact on wages enjoyed in the country. Accepting the accord is considered by the Commission to be necessary to allow Swiss access to new fields of the European single market, including the electricity market and stock exchange equivalence. By June 2019, the Swiss Federal Council found no meaningful compromise neither with the internal consulting partners, such as Swiss labour unions and business representatives, nor with the outgoing EU-commission president Jean-Claude