Swiss industry and tourism suffer from the strong francs

The Swiss franc strengthened again to a record level against the euro. Die Presse points out in its analysis that the strenghtening franc causes serious damage to Swiss exporters and thereby erode the country's competitiveness.

The particiőpants of the Swiss economy expect the Swiss central bank to pull an euro-franc exchange rate barrier. The Swiss companies would pull this limit at 1.4 Swiss francs, the KOF economic research would also decide between 1.1 to 1.4. Jan-Egbert Sturm, the leader of KOF however, emphasized the importance of clear communication also – reports Világgazdaság Online, after Die Presse.