Been thinking about this recently. Seems like a lot of people are going to be swapping Euros for Swisss francs as a safe haven for wealth. Surely thats going to make it harder to export and slow the economy down?
Any ideas?

...and in other news: "Man lands on the Moon!"

Wait and see... this will hit us sooner than later.

What I was thinking really was this:

Swiss as a safe haven = money in = good
Swiss Franc too high = bad for exports = bad

Just wondering what the net effect will be? I mean it cant be too disasterfull can it?

Its more complex, and we already discussing it in other threads (look euros falling , etc...)
The other problem is that peg "euros-CHF" which stands at 1.20 CHF for 1 Euros, because if the euro fail there's lot of money gone...

Anyway we don't know the impact on Switzerland, we just hope it will be good for us and that our "preventive actions" were the right ones...
Example: some people are buying gold because it's supposed to be safe heaven. Some disagree badly.

So... we don't know!

"How will Switzerland fare if the Euro blows up?"

Most people have bomb shelters so we should be alright.

what good does swapping Euros for CHF do if the value of the CHF is pegged to the value of the Euro???

I'm guessing:
1) It will un-peg if the euro collapses in value
2) It will still exist if the Euro is dissolved.

But who knows, I'm downsizing my life just in case. I mean, who needs money of you live off the forest like a squirrel?

Up to now, the SNB has succeeded to maintain the PEG. But gradually, Switzerland controls the Euro. Switzerland could for example suddenly sell all its Euros in December. The Eurozone no longer could import any oil for heating and so would collapse. Their industries due to lack of fuel would come to a standstill. And the Siwiss industry could grasp all the markets in the world

Well, I had to chuckle at the choice of metaphor in the headline for this article but it does discuss the pressure the SNB is under to maintain the peg...

http://www.marketwatch.com/story/swi...6-13-111033424

And, Wolli, to sell you have to have a buyer....if the eurozone barfs, the sound of the SNB crapping itself will be heard in all corners of the globe.

I said it above. The 1.20 peg was maintained, which means that the CHF did NOT get higher.

BUT, the top-phrase shows "Euro blows up". Interesting, but please simply explain what this really means ? If the Eurozone countries were forced to start their own currencies, it would be good for Switzerland as the currencies of major competitors like Austria, Germany and the Netherlands would go up. In France, a "nouvelle nouvelle Franc Hollandais" might well join the German and the Dutch currencies.

Right you are, to some extent. A lot would depend on how Euro-owners are recompensated. Recompensated by the ECB.

The problem of the SNB is simply anyway. If the SELL Euros the Euro will go down. Strangely enough, by this simple fact, Switzerland is as much linked to the Euro as any Eurozone country.

And the question also to you, what does "the eurozone barfs" mean in reality and in detail ? none of the Eurozone countries has an alternative currency really ready ! To start a new currency is NOT a 24 hours thing

I should imagine there are secure warehouses choc full of freshly printed Drachmas, Pesetas, Escudos and Lira. Ready for the tidal wave.

Not really sure as to what a banking collapse would look like at this point considering it's like watching that scene with the steamroller in Austin Power's where the guy just stands there for a few minutes screaming before he gets flattened.



But, by barf, I mean something rather catastrophic given that there are so many pieces in play with so few solutions, only band-aids.

Are you joking ? In all four countries, the media would be full of the story within a day after the first printing. And such programs would require decent planning, exactly what the finance chaps of those countries failed to produce up to now

Sorry but here we are speaking about a few different things
A) the end of the Euro with the members launching new currencies
B) major banks in major countries going bankrupt
C) some major countries like Spain declaring "bankruptcy" and changing to the US Dollar as an interim measure
ABC) a combination of all three
-
the "lust" for "something catastrophic" is widespread

I suspect Wolli expects we will all receive letters sent recordeed delivery giving us 3 months notice that the euro will end.

Yes, and you also will get told that you are fully recompensated for sending in your Euros at a rate of 50 US£-cents

The Eurozone countries also will tell you what new currency they will turn to. Ireland for examply may turn back to the UK£, Netherlands and Austria may join forces with the new upcoming German currency. Belgium may join France in a "réellement nouveau Franc Européen" known as the RNFE, Spain and Portugal will establish the "new Iberia". Italy will establish a new Lira, being at the start 1 to 10 with the outgoing Euro, but having 1000 centesimi

And I should imagine this is totally impossible.

• Politicians, experts and bankers who papered over the cracks and have been unable to take any decisive action on the euro for the last two years. Would they really have the foresight and strength to prepare fallback plans like printing currencies??
  
• Do you imagine such a major printing and logistical event could have been in secret??

Nope. There is no plan B. Unless Germany dumps the euro and adopts the Swiss franc...