SNB's Roth on the creation of the euro

In a speech on 'The Creation of the Euro and the New International Monetary Order: A View from Switzerland' given on 4 June, Jean-Pierre Roth of the Swiss National Bank said the introduction of the euro has been a very positive development for the international monetary system and for Switzerland as an economy strongly dependent on world trade.

Switzerland benefits from the greater transparency offered by the euro and the lower transaction costs made possible by its creation. Perhaps for the

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