Let's not forget that Switzerland is not part of the Euro Zone. I suspect that the Eurocrats at the ECB despise Swiss independence and would be happy to see Credit Suisse and the Swiss National Bank suffer.
I’m reading this move as the authorities in Europe being more concerned with the politically-expedient need to lower interest rates, and they’ll deal with the banking problems later. What do you think?
Let's not forget that Switzerland is not part of the Euro Zone. I suspect that the Eurocrats at the ECB despise Swiss independence and would be happy to see Credit Suisse and the Swiss National Bank suffer.
I’m reading this move as the authorities in Europe being more concerned with the politically-expedient need to lower interest rates, and they’ll deal with the banking problems later. What do you think?