Free Republic
Browse · Search
News/Activism
Topics · Post Article

Some Swiss banks have stopped dispensing Euros, likely because they have no idea how many Francs they are going to lose by doing so, until things settle.
1 posted on 01/15/2015 6:42:04 AM PST by tcrlaf
[ Post Reply | Private Reply | View Replies ]


To: tcrlaf

A sure sign of a currency with a bright future.


2 posted on 01/15/2015 6:45:07 AM PST by Steely Tom (Vote GOP for A Slower Handbasket)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: tcrlaf

What happened? Did somebody forget to change the ink cartridge?


3 posted on 01/15/2015 6:47:03 AM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: tcrlaf

“ATM down atm...”


6 posted on 01/15/2015 6:58:56 AM PST by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: tcrlaf

I snicker a little when people say, “ATM machine.”


7 posted on 01/15/2015 7:22:08 AM PST by KingLudd
[ Post Reply | Private Reply | To 1 | View Replies ]

To: tcrlaf

Same problem here. I can never get euros from the local ATMs.


9 posted on 01/15/2015 7:36:59 AM PST by Verginius Rufus
[ Post Reply | Private Reply | To 1 | View Replies ]

To: tcrlaf

Think I will go take $100 out of the bank. You know, just to slide under the mattress.


10 posted on 01/15/2015 7:45:33 AM PST by Vermont Lt (Ebola: Death is a lagging indicator.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: tcrlaf

Clearly, the ATMs are smarter than the EU.


11 posted on 01/15/2015 8:13:53 AM PST by Dr. Thorne ("Don't be afraid. Just believe." - Mark 5:36)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: tcrlaf

The Swiss will have to follow the crowd by fiat printing, they’re just too small to compete with the euro. Although the Swiss make a lot of luxury items that are less price sensitive than other manufactured goods, they do lose business when local Swiss residents contract out their construction work with Italians for example. Tourism also suffers.
Now, if the euro zone breaks up and smaller currencies emerge, they will be in a better position to compete.
One good thing about Swiss currency is that they have a 1000 CHF note which is equal to $1100 or so. That makes it a high store of value for its weight.


12 posted on 01/15/2015 8:24:38 AM PST by grumpygresh (Democrats & GOPe delenda est. President zero gave us patient zero.)
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson