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Old 16.01.2015, 17:23
Macer Macer is offline
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Re: Aftermath of SNB EUR Peg Discontinuation - Would you be happy to take a 20% pay c

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Wait for the next inflation report.

SMI down nearly 14% in two days and there is probably more to come. The rest of the economy will follow soon. Fuel, imported goods, food costs, exporters will become less competitive, international companies can not justify the cost of the Swiss labour costs anymore, soon local businesses can not pay the salaries of their employees and then they ask them the question...


I hope all of this doesn't happen but there is no other choice.

In 2011 the CHF went from 1.5 to 1.2 EUR yet a lot of companies stayed here. In 2015 in percentage terms, the drop is the same. It went from 1.2 to parity. Fingers crossed the companies will absorb the hit as they did in 2011.
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