Swiss Economy Weakens as Euro Crisis Continues

A minimum exchange rate between the Swiss franc and the euro was set over a year ago to stop the Swiss franc from soaring as the EU’s debt crisis worsened. But now Switzerland’s economy is showing signs of slowing, too, making the Swiss franc less attractive to investors and finally enabling the kind of exchange rate movement that hasn’t been seen in a year. It appears, now, that it could be the euro that saves Switzerland from recession – a big reversal of circumstances and one that is likely to pull Switzerland closer into the EU’s sphere.

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