Gstaad
One of the safest countries on earth is in trouble. Good old Helvetia, a country more upside-down than sideways, according to Papa, could end up on its head. Its industrial base might melt as its currency is much too strong for its own good, and deflation might set in as the Swiss National Bank is printing good money to tie its fortune to the euro. Lashing the franc to the euro seems a suicidal thing to do, but such are the joys of global finance. Mind you, I don’t understand a thing and am on my way down to see some bankers who will explain things, not that I trust bankers as much as I used to.
Still, buying foreign currencies in unlimited quantities to win respite for its exporters is a dangerous practice, something the Swiss are not known for. Switzerland is a small country which unites a number of unique, diverse communities which are small worlds in themselves, all with a well-earned reputation for freedom, independence, industry and honesty.
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