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lovuian

(19,362 posts)
Wed May 30, 2012, 12:15 PM May 2012

Switzerland draws up eurozone collapse action plan

http://ca.news.yahoo.com/switzerland-draws-eurozone-collapse-action-plan-153535951.html

Switzerland does not foresee a break-up of the eurozone but is nonetheless drawing up an action plan in the event of its collapse, the country's central bank chief said on Sunday.

Thomas Jordan, who became chairman of the Swiss National Bank (SNB) last month, told the SonntagsZeitung newspaper that a working group was discussing measures to combat any strengthening of the safe haven Swiss currency.

The bank intervened in September to stem the rise of the Swiss franc which had soared as investors sought a secure place for their cash, hurting Swiss exports and the tourism industry.
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