Swiss Ponder Unthinkable as World Chaos Turns Franc Economy Upside Down

Source:

"Switzerland, the nation that hasn't gone to war since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency."

Bloomberg, Simone Meier

Switzerland, the nation that hasn't gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency.

Swiss National Bank Vice President Thomas Jordan said the central bank is assessing "a whole range of options" to prevent the franc, which reached a record against the euro this month, from making Swiss goods prohibitively expensive. Even a cup of coffee at Cafe St. Gotthard in Zurich costs $8.30, with one Swiss franc buying $1.2816 at today's exchange rate. . .View full article

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