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The Franc Is a Century Phenomenon – but It Has an Achilles Heel
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watson.ch/Switzerland owes its coveted value to notoriously low inflation. But behind this truism lies a much more complex and unpleasant reality. Switzerland owes its coveted value to notoriously low inflation. But behind this truism lies a much more complex and unpleasant reality.The franc is "extremely overvalued" and "no one in politics or in the media seems to be very upset about it". Except for the Swatch Group boss Nick Hayek, when the dollar/franc…
·Switzerland
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