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Old 15.05.2012, 21:21
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Re: Possible consequences on the CHF of a Greek debt default

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I get the impression there are a few Gnomes out there..... what's the likely consequence on the CHF staying pegged to the EUR if the Greeks run off shouting "Stuff your Euro and you can forget about all that money you lent us." ?
The purpose of pegging the Franc to the Euro is to support trade with the Euro zone, that objective will remain even if the Greeks were to leave the Euro zone. However the rate may vary from time to time depending on the fortunes of the Euro.
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