Europe needs strong leaders who accept the consequence of the crisis. The electorate is restless, and is not willing to foot the bill any longer. Therefore, the EU needs to abolish neo-capitalism forthwith. It was always a recipe for disaster.
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Switzerland last week pegged the Franc to the Euro. Currency fluctuations have been wreaking havoc on the Swiss economy. The Swiss crave the economic stability of an absense of currency fluctuations with your major trading partners.
To help them out, I vote we fasttrack Swiss EU and Euro membership.
The Swiss National Bank said Thursday it will
continue to keep short-term interest rates as low as possible and defend
the peg of the Swiss franc to the euro in order to counter the
currency’s appreciation resulting from inflowing capital in search of a
safe haven amid the Eurozone debt crisis.
http://www.forexlive.com/blog/2011/0...close-to-zero/
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