The World from Berlin Swiss Franc Decision Should Be a Lesson for Euro Critics

The Swiss decision on Tuesday to peg its currency to the euro should serve as a warning for those who would like to see the return of the deutsche mark: No country can escape the dynamics of the tightly intertwined global market. German commentators hope that calm can now be restored to the euro debate.
Responding to a massive increase in value, Switzerland moved Tuesday to peg the exchange rate of the franc to the euro.

Responding to a massive increase in value, Switzerland moved Tuesday to peg the exchange rate of the franc to the euro.

Foto: © Arnd Wiegmann / Reuters/ REUTERS
-- Charles Hawley