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S U B S C R I B E
Switzerland and Norway: Similar nations brace for a eurozone crisis
The eurozone debt crisis is worrying countries around the world. Swiss officials have reportedly set up a task force to deal with the ramifications. One controversial move saw the Swiss National Bank tie the franc to the euro, capping its value at 1.20 francs to 1 euro. So as investors seek a safe haven for cash, will they flock to other Swiss-like states?
Norway, for instance, is very similar to Switzerland. In fact, the Norwegian krone has seen big gains on the euro. Both countries also have a stable economy, low unemployment and a strong currency. And, more concerning, both countries also rely on the eurozone for export sales and tourism. Alex Helmick talks to Norwegian Ambassador to Switzerland Rolf Trolle Andersen about what lessons can be shared between the two countries:
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