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S U B S C R I B E
Wednesday, 26 September, 2012
Standard & Poor's criticizes SNB euro bond purchases
A dispute is brewing between the Swiss National Bank (SNB) and the ratings agency Standard & Poor’s. The ratings agency says the bank is distorting yields of certain eurozone countries by buying some 80 billion euros worth of bonds this year. The SNB told the Financial Times that number is “unfounded.” Economist Beat Kappeler explains to WRS’s Alex Helmick what is going on:
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