Swiss Federal President Alain Berset has endorsed the takeover of Credit Suisse by UBS, considering it the best solution for restoring confidence in financial markets. However, the largest party in the Swiss parliament opposes the merger, citing concerns about the new merged bank's size. Meanwhile, former Dutch Finance Minister Hans Hoogervorst has raised concerns about the European banking system, pointing to the possibility of rot and the reemergence of "too big to fail" problems.