101.7 FM IN GENEVA DAB+, CABLE & SATELLITE ACROSS SWITZERLAND
LISTEN ONLINE 
L A T E S T
M O S T R E A D
P O P U L A R
- alcohol
- army knives
- banks
- Basel
- Bern
- cannabis
- CH votes
- cheese
- children
- chocolate
- consumers
- crime
- cycling
- easyJet
- environment
- EU
- expats
- gay
- Geneva
- health insurance
- hiking
- jura
- language
- lausanne
- Olympics
- Polanski
- real estate
- skiing
- smoking
- Swiss franc (CHF)
- swiss watches
- tax
- tax.
- tax. banks
- ticino
- tourism
- trains
- wine
- workplace
- zurich
S U B S C R I B E
Monday, 6 August, 2012
Economist: SNB's 'enormous' euro holdings not a major concern
Is the Swiss National Bank in over its head? Last week the SNB came out with its quarterly foreign exchange reserves report. The total holdings now stand at 365 billion francs. It’s a gain of 50 percent in three months and is equivalent to a whopping 62 percent of GDP. Most of that money is in euros. Some observers worry that if the bad news coming out of Europe continues those euros might have to be sold at an enormous loss and that Europe’s pain might well become ours. WRS’s Pete Forster spoke to Beat Kappeler, an economic analyst with the Neue Zurcher Zeitung, and asked him if he was concerned by the figures:
Update Required: To play the media you will need to either update your browser to a recent version or update your Flash plugin.
Tell us what you think
All fields are required, but your e-mail address will not be displayed. Please be civil.