Related
Swiss bank pay to fuel bonus anger 22/03/2013 14:38 CET
European markets at close: 05.03.2013 05/03/2013 22:12 CET
EU finance chiefs debate strong euro 12/02/2013 13:56 CET
Regulators slacken banking liquidity rule 07/01/2013 14:07 CET
Wegelin bank to close after US tax dodge fine 04/01/2013 13:16 CET
The Swiss National Bank reasserted its commitment to holding down the value of the franc ahead of fears the election in Greece could drive another flood of money from the eurozone into the safe-haven franc.
The central bank said it was determined to defend a cap of 1.20 per euro.
In a statement the SNB fired out a warning saying it stands ready to take measures at any time, though it failed to give details of what those measures could be.
More about: Banking, Euro, Swiss franc, SwitzerlandCopyright © 2013 euronews
JavaScript is required in order to view this article’s accompanying video
Top Stories
Iran presidential candidate Jalili vows to stand up to West
Iran's top nuclear negotiator, who is one of the favourites in the presidential race, has vowed to stand up to the West if he is elected next month. Saeed Jalili told a rally in Tehran that he wanted to spread the global influence of Islam. One of several conservatives among…
IMF chief Lagarde avoids formal investigation in Tapie case
A French court has decided against placing International Monetary Fund (IMF) chief Christine…
Portugal author under investigation for presidential clown…
Portuguese author Miguel Sousa Tavares has landed himself in hot water after calling the president…
latest economy news
Raiffeisen bank CEO resigns over property deals- Draghi hails eurozone stablity
- Germany just avoids recession, but outlook brightens
- Fewer new orders mean continued eurozone recession
- Share prices tumble
- Fresh signs of China’s economy fragility
- Bernanke says Fed stimulus continues for now
- Vatican financial body finds possible money laundering
- IMF austerity warning to Britain
- EU bank customers to contribute to bail-ins?
- 1Family of soldier killed on London street hold emotional press conference
- 2Stockholm riots provoke questions about Sweden’s immigrants
- 3UK minister defends security services after London soldier killing
- 4IMF chief Christine Lagarde escapes formal investigation
- 5Matt Damon on sharing a bed with Michael Douglas
