Ten Years of the Abolition of the Euro Minimum Exchange Rate: Review and Outlook

Schweizer Radio und Fernsehen (SRF)

Lean Left

Factuality

Ownership

On January 15, 2015, the Swiss National Bank surprisingly abolished the minimum euro exchange rate. With winners and losers.

rts.ch

Factuality

Ownership

“It was Trafalgar's coup”: founder of First Industries, François Schoch, saw his turnover fall by 9% in 2015. Same in 2016. For him, as for many other Swiss CEOs, the end of the floor rate between the franc and the euro, exactly ten years ago on Wednesday, was a shock, which resulted in financial losses.

pme.ch

Factuality

Ownership

The abolition of the euro exchange rate floor by the Swiss National Bank (SNB) will celebrate its tenth anniversary on Wednesday. Experts now consider this measure to be positive for the Swiss economy, despite the initial shock it caused.