On your marks...
Europe’s crisis has exposed the eurozone’s structural flaws.
German citizens want the Deutschemark back. Foreign investors would like a hard currency alternative to the dollar. But a full break-up of the euro still seems unlikely for now. Instead Deutschemark-seeking investors are likely to hold more Swiss francs as a substitute over the next decade.
Switzerland’s currency already acts as an indicator of Germany’s economy. Germany is the leading destination for Swiss exports, accounting for
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