Google App Engine

Powered by Google App Engine

AddThisToAny.com/share_save

Share

//picasaweb.google.com/rayloke1

  • //rl2010weblog.blogspot.com

My Blog List

Thursday, September 8, 2011

Swiss face up to a franc mountain - Yahoo! Singapore Finance

Swiss face up to a franc mountain - Yahoo! Singapore Finance

1 comment:

  1. Perceptions matter in central banking, as Hildebrand, a 48-year-old former hedge fund manager, knows. The suave polyglot's early attempts to cap the rise of the franc forced the SNB to book 19.2 billion francs ($22.3 billion) in losses last year.

    Many Swiss turned on him, including the popular anti-immigration Swiss People's Party (SVP) which accused him of trying to use his interventions in the foreign exchange markets to single-handedly save the euro from collapse.

    ReplyDelete