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Old 15.05.2012, 23:23
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Re: Possible consequences on the CHF of a Greek debt default

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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.
The real problem would be when the Germans, not the Greek, leave the Eurozone.
I suppose that under scenario, the peg will be with the DM.
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