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Why Fink Says Swiss Avoiding Recession May Be Bad News for Euro
Larry Fink says he’s worried about a recession in Switzerland. That there won’t be one. If the export-dependent Swiss avoid a slump after a surge in the franc it would make the idea of surviving an overvalued currency -- and leaving the euro -- a little more conceivable in Germany, according to Fink, the co-founder and chief executive officer of BlackRock Inc. Think Gerexit. “There’s always been a debate, should Germany be in or out of the euro,” Fink told Bloomberg Television’s Erik Schatzker and Stephanie Ruhle during last week’s annual meeting of the World Economic Forum in Davos, Switzerland. “One ... (full story)