I was thinking recently that EURO 2008 that starts on Saturday in Switzerland and Austria, could acctually give strenght to CHF.
What do you think?
Lets assume that there will be arround 1 million people coming from Europe and they need CHF to pay their bills, so lets say each of them will bring a 1000CHF, which means 1 billion.
This money will than boost swiss economy and numbers as of June and Julay of things like retail sales, service sector, consumption, will surely be influenced by this many people coming to Switzerland?
IS my thinking correct? Does anyone sees other side of this issue?
What do you think?
Lets assume that there will be arround 1 million people coming from Europe and they need CHF to pay their bills, so lets say each of them will bring a 1000CHF, which means 1 billion.
This money will than boost swiss economy and numbers as of June and Julay of things like retail sales, service sector, consumption, will surely be influenced by this many people coming to Switzerland?
IS my thinking correct? Does anyone sees other side of this issue?