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S U B S C R I B E
Tuesday, 29 May, 2012
SNB preps for worst amid eurozone crisis
Uncertainty continues for the eurozone. And many around the world are planning for the worst, including the Swiss National Bank. This weekend the new president of the bank, Thomas Jordan, spoke to several Sunday papers and defended the currency trading floor—where the bank won’t let the euro fall below CHF 1.20. He also said that he wouldn’t exclude additional steps if Greece were to leave the eurozone, or worse. What does he mean and how should we interpret Thomas Jordan’s stance? WRS’s Dave Goodman talked to Rudolf Minsch, chief economist at the Swiss business federation, economiesuisse:
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