Jim Hardie Posted August 21, 2011 Share Posted August 21, 2011 1) Because it is not in the EU. 2) Because it has it's own currency and not the Euro. Regards Angel. The same applies to any number of African basket case countries. Link to comment Share on other sites More sharing options...
LeMaquis Posted August 21, 2011 Share Posted August 21, 2011 1) Because it is not in the EU. 2) Because it has it's own currency and not the Euro. Regards Angel. Like Iceland? Link to comment Share on other sites More sharing options...
gnvqsos Posted August 21, 2011 Share Posted August 21, 2011 The Swiss franc is highly valued as Switzerland has become a bastion of prudence and many rich people take refuge there.To deposit £ and $ into Swiss banks they must exchange for francs and this bids up the currency value. Link to comment Share on other sites More sharing options...
WeX Posted August 21, 2011 Share Posted August 21, 2011 maybe its to do with all the gold they found in their bank vaults that had no owner, post may 1945? Link to comment Share on other sites More sharing options...
Quinnwok Posted August 21, 2011 Share Posted August 21, 2011 no matter what- they always do well. Any reason? dictator gold? Link to comment Share on other sites More sharing options...
ANGELFIRE1 Posted August 21, 2011 Share Posted August 21, 2011 Well to try to compare Switzerland with Africa & Iceland is like comparing chalk with cheese, both can be white but bear no other similarities to each other. Regards Angel. Link to comment Share on other sites More sharing options...
JFKvsNixon Posted August 21, 2011 Share Posted August 21, 2011 No matter what- they always do well. Any reason? Perhaps there is a big mark up in knives, chocolate and cuckoo clocks? Link to comment Share on other sites More sharing options...
Anna B Posted August 22, 2011 Share Posted August 22, 2011 Switzerland is the bankers bank. A safe haven for their cash when they've mucked up everybody elses. So it's extremely well protected and will never crash. Link to comment Share on other sites More sharing options...
Tyranna Posted August 22, 2011 Share Posted August 22, 2011 ....Pride comes before a fall; at the rate the world economy is going its unlikely to last, and Switzerland will soon also be broke... Link to comment Share on other sites More sharing options...
LeMaquis Posted September 6, 2011 Share Posted September 6, 2011 ....Pride comes before a fall; at the rate the world economy is going its unlikely to last, and Switzerland will soon also be broke... You seem to have great foresight. The Swiss are trying to devalue their currency in order to protect their economy. http://www.guardian.co.uk/business/2011/sep/06/switzerland-pegs-swiss-franc-euro Link to comment Share on other sites More sharing options...
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