(an article in b@d English)
Watch to see how the shortsightedness of a generation Swiss politicians to drag Switzerland, along with the euro area. To meet the short-term interests of exporters, the Central Bank introduced a ceiling on the appreciation of the franc against the euro. The result was rampant foreign exchange reserves in euros. I.e. Swiss central bank is filled with worthless paper. If the euro collapses, will collapse and the reserves, and goes well with the ancient and Swiss financial stability. And why do that? To deny the objective fact that when an asset is shoddy (EUR) is normally cheaper compared to other more qualitative (sw.frank). This authority collapsed francs to the euro ...
"Thoughts in b@d English" is a rubric of Dobri's Ratings created with the use of Google Translate. As my (Dobri's) native language is not English, so sometimes I am very slow in preparing a good English text. At the same time I have some thoughts to share. So I decided it is better to tell something in bad language, than not to tell it. In my native language I can write and express my thoughts much faster. So until my English becomes as good as my native language, I will use this rubric, containing flash-news and comments, translated fast to English only via Google Translate. This group of articles will be in separate RSS - out of the general site-RSS. The other sections of the site will be in better English :)))