SNB's Roth says euro has stabilised Swiss franc

Speaking on Monday 16 February, Swiss National Bank chairman Jean-Pierre Roth said that the introduction of the euro has stabilized the Swiss franc but has also left the economy vulnerable to sharp currency swings.

"The franc is more stable against the euro than it was against the German mark," he told the Belgian Financial Forum in Brussels.

He said the euro "is playing an important stabilizing role on the international scene by neutralizing tensions that third currencies are subject to during

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