SNB governor condemns 'sovereign money initiative'

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The governor of the Swiss National Bank has strongly criticised the ‘sovereign money initiative’ proposal that is the subject of a June referendum, calling it an “unnecessary and dangerous experiment”.

Speaking today (May 3), Thomas Jordan effectively called on voters to reject the proposal, which looks to separate the creation of money from the issuance of loans. It will be voted on by members of the public on June 10, 2018, after 100,000 Swiss citizens signed a petition calling for a

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