DEFLATION in EU : Switzerland Drops Euro Peg

DEFLATION in EU : Switzerland Drops Euro Peg




Switzerland has reversed the currency peg it had with the Euro as the deflationary environment begins taking its toll on the EU. With the anticipation of the ECB's monetary stimulus, the Swiss National Bank has decided it was enough! The effect of a devalued currency spreads far and wide. As currencies increase in volatility, it will not be the nations that suffer. It will always be the average citizen who feels it the worst.


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