SNB's Roth on Switzerland: An Island in Euroland?

In a speech on 'Switzerland: An Island in Euroland?' given on 21 May, Jean-Pierre Roth of the Swiss National Bank said the introduction of the euro constituted a real revolution for Europe and represented arguably the major postwar stage in European integration. For Switzerland that fundamental change represented a particular time in history as well, and was associated with some concerns.

Among the uncertainties, Roth said, were the potential consequences of the introduction of the euro on the

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