• Exports suffer from franc strength
  • 2012 growth seen at 0.5%

My annual income should be $4.8 bln. What it is and what it should be are two very different things…


  • Up to Swiss National Bank to to act on franc
  • Hopes for franc easing sooner rather than later
  • No new support for Swiss companies planned
  • All euro scenarios are being considered
  • Euro will survive
  • Number of euro countries could drop
  • Sees Germany, Netherlands, France in euro zone