Parity is being way too optimistic!

The CHF will get hammered at some point in the future. Don't forget that it is overly overvalued thus causing difficulties for Swiss exporters.
Chf will have to decline in value or else the Swiss growth outlook will have to be lowered which will help decrease chf value in return.

2nd Possibility: Debt restructuring in Greece. This will send the Euro in a downward spiral, but still, I don't see parity! Perhaps the 1.10 € level.