Author Topic: Swiss stop backing the euro  (Read 1317 times)

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Offline icrcc

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Swiss stop backing the euro
« on: January 22, 2015, 12:14:12 AM »
The move by the Swiss National Bank to stop supporting the Euro will have financial consequences in world financial markets. They just could not live with the  impending quantitative easing that EO intends to introduce. The immediate result the Swiss franc rose 30% against the euro, the Swiss stock market lost 10% of its value and the Euro continues to tank.
It may never happen. Best to be prepared just in case.