Wednesday, August 17, 2011

As govt combats strong franc, the Swiss go on a shopping spree ... across the border!!!



The Swiss government has decided to allocate SFr2 billion ($2.5 billiion) to support the economy and mitigate the effect of the strong franc.

 “The government has taken a bold and impressive step,” Economics Minister Johann Schneider-Ammann told journalists on Wednesday after announcing the measures.

The main beneficiaries will be the export economy and tourism, he said. More...

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