Switzerland, Austerity Protests

From YouTube:

Switzerland has temporarily pegged its currency (the Swiss franc) to the euro through an executive decision of its central bank (2011-09-06 ). There is no statutory basis for this peg. Technically, the Swiss have put a floor on the EUR/CHF exchange rate (Swiss francs per euro). Exiting this peg would be very easy through another executive decision of the central bank.

      
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