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No residence permit needed in CH anymore?

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From http://europa.eu/youreurope/citizens.../work-permits/

"All EU nationals need a work permit to work in Switzerland. This restriction will expire on 31 May 2014"

So what does it mean? no L/B/C permits will be needed to live in CH?
will I have the "same" rights than swiss people from 2014? will I need to stay
5 years to get the "naturalissation"
how does it work?

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