Tag: greek banks

January 27, 2015 BY Andrew Saks-McLeod

Is the SNB going to start intervening again in the Swiss Franc?

Swiss National Bank Vice President Jean-Pierre Danthine has stated that if the currency peg on the Swiss franc had been maintained, the cost would have been 100 billion Swiss francs (73 billion pounds) to defend this month alone, and that the central bank is ready to intervene once again. Meanwhile the eurozone concerns continue, with £6 billion having been withdrawn from Greek banks since yesterday's election

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