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Are all the offshore banking deposits counted in the Swiss wealth? If so that’s a huge difference maker.
by josephjrobison 8y ago
Are all the offshore banking deposits counted in the Swiss wealth?
If so that’s a huge difference maker.
- Retric 8y agoThe Swiss did not join the EU while it maintains very close relations, which likely has very large impact due to current exchange rates. On 6 September 2011, the Swiss franc effectively became fixed against the euro: the Franc had always floated independently until its currency appreciation became unacceptable during the eurozone debt crisis. The Swiss National Bank set an CHF/EUR peg that involved a minimum exchange rate of 1.20 francs to the euro, with no upper bound in place. The Bank committed to maintaining this exchange rate to ensure stability. The peg was abandoned on 15 January 2015, when renewed upward pressure on the Swiss franc exceeded the Bank's level of tolerance. https://en.wikipedia.org/wiki/Switzerland%E2%80%93European_Union_relations https://en.wikipedia.org/wiki/Switzerland%E2%80%93European_U...
- ghostbrainalpha 8y agoHow is that a difference maker? Are you saying that there is a large group of people who have less than $2,000 of 'wealth', but also have Swiss Bank accounts?