Switzerland played this well. It leaves the former allies Luxembourg and Austria in the rain. The pressure is on them and it will be difficult for them to invoke these bilateral agreements with Switzerland to nix the former agreements on automatic information sharing in the Union. These did only allow for a transitional exception to automatic information sharing for Luxembourg and Austria.
It is true that this is revisiting past understandings: that was that ALL tax havens would move to the SAME system. Not as the un-elected Commissioner seems to say: to SIMILAR arrangements.
However, how urgent is this subject now that Euro zone is on fire and will either have to do a costly bailout or allow a costly collapse of the Euro? The funny thing is, it has become less of a Greek problem than a creditor's problem, according to the old saying: you owe the bank one million, and the bank owns you. You owe the bank one billion, and you own the bank.
http://www.swissinfo.ch/eng/Specials/Rebuilding_the_financial_sector/News,_results,_regulations/Swiss_deals_complicate_EU_tax_negotiations.html?cid=31129410
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