The Swiss National Bank dangled the threat of capital controls to hold down the value of the franc if the euro zone crisis escalates, days before a Greek election that could drive another flood of money into the safe-haven currency. The central bank said it was determined to defend a cap of 1.20 per euro on the franc it imposed on September 6 and was ready to buy foreign currency in "unlimited quantities". "Even at the current rate, the Swiss franc is still high. Another appreciation would have a serious impact on both prices and the economy in Switzerland," SNB Chairman Thomas Jordan told a news conference on ... (full story)