Binding of the Swiss franc to the euro only a first step!
The Swiss National Bank tried the flying height of the franc with a peg of 1.20 francs for 1 euro tie. So they tried with the franc foreign exchange purchases to artificially cheaper.
However, this is a fallacy!
It will only be a first step. The franc is a ratio of 1: 1 level off step by step.
This instantaneous help for the Swiss manufacturing industry and the tourism industry will lead to the arrival of the “financial crash” to value losses of the large foreign exchange holdings, which then the Franks are not “artificially” weaken but “effective”.
On the other hand, after exclusion of the currency of Greece, which will take place at his own request, the Greeks, the euro strengthen and enhance the currency peg to the U.S. dollar at the moment so “artificially” reduced price Franks again.
Risks remain for the Swiss in the upcoming Crash existing huge foreign exchange holdings, which have to be written off then.
Conclusion: These “emergency” primarily helps the “wealthy” and then “refinanced” finally on the “back” of the taxpayer.
Prophet, visionary, consultant and writer