Swiss Ministers Seek More Depreciation of ‘Strong’ Franc
This article is for subscribers only.
Swiss ministers said the franc’s strength remains a concern even after its recent slide against the euro to the weakest in 20 months.
“Euphoria is misplaced” and more depreciation is needed, Finance Minister Eveline Widmer-Schlumpf told reporters at the World Economic Forum in Davos, Switzerland on Jan. 26. “The franc is still very strong.”