By fixing the exchange rate, Switzerland has, in a way, unilaterally joined the euro. As a haven destination, Switzerland faces problems not unlike Germany's. Just as the Bundesbank's claims on TARGET2 swell, so too are the SNB's euro-denominated assets....Read it at INET | The Money View
When will Switzerland exit the euro?
by Daniel H. Neilson
(Dr. Neilson earned his B.A. from Bard College of Simon's Rock in 2001 and his Ph.D. from Columbia University in 2009. In addition to his work for INET, he teaches economics at Simon's Rock.)
(h/t Perry Mehrling at The Money View)