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Old 18.08.2011, 09:53
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The Swiss government said on Wednesday it would spend two billion francs ($2.5 billion) to counter the impact of the strong franc on the domestic economy.

Read the full article: Swiss to spend 2 billion francs to counter strong currency
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Old 18.08.2011, 14:29
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Re: Swiss to spend 2 billion francs to counter strong currency

Is this going to produce higher monetary inflation in 1 to 2 years time?
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Old 18.08.2011, 14:45
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Re: Swiss to spend 2 billion francs to counter strong currency

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Is this going to produce higher monetary inflation in 1 to 2 years time?
Yes it will, there is no free lunch!
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Old 18.08.2011, 14:49
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Re: Swiss to spend 2 billion francs to counter strong currency

loving it for buying stuff in the US. not loving the IKEA couch I bought 3 weeks ago that is now 150 CHF less. with my awful customer service experiences there I can't imagine they do a 60 day price match or the like.
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Old 18.08.2011, 14:59
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Re: Swiss to spend 2 billion francs to counter strong currency

The local is getting clever... posting topical news items! Shame it's only a day late
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Old 18.08.2011, 15:03
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Re: Swiss to spend 2 billion francs to counter strong currency

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loving it for buying stuff in the US. not loving the IKEA couch I bought 3 weeks ago that is now 150 CHF less. with my awful customer service experiences there I can't imagine they do a 60 day price match or the like.
You can return the couch to Ikea for a refund, then get another one! 90 day exchange IIRC.
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