Languish.org

General Category => Off the Record => Topic started by: Richard Hakluyt on September 06, 2011, 05:26:53 AM

Title: Switzerland devalues the franc
Post by: Richard Hakluyt on September 06, 2011, 05:26:53 AM
Decisive buggers aren't they?

http://www.bbc.co.uk/news/business-14801324

Title: Re: Switzerland devalues the franc
Post by: Zanza on September 06, 2011, 05:58:43 AM
We'll just need to make sure that the unlimited amounts of Euros they buy are Greek government bonds. ;)

As they tried interventions last year too and lost massive amounts of money on them, it will be interesting to see if they can actually keep that peg. Especially because I think the worst for the Eurozone is still to come.