maybe it's a good idea... can't stop them... peg them....
Swiss Franc Falls as SNB Sees Possible Euro Peg
Swiss central bank Vice President Thomas Jordan said it would be possible to peg the franc to the euro for a limited period to help counter currency gains. “Any temporary measures to influence the exchange rate are permissible under our mandate as long as these are consistent with long-term price stability,” Jordan said in an interview with Tages-Anzeiger newspaper published today. SNB spokesman Walter Meier confirmed the remarks. The Swiss franc has gained 31 percent versus the euro over the past year, reflecting investor concern that the euro region’s fiscal crisis may continue to worsen. While the Swiss ... (full story)