March 30 (Bloomberg) -- Thierry Stern, chairman of Swiss watchmaker Patek Philippe SA, says his home nation may be better off adopting the euro as the francâs appreciation hurts exports. âItâs a nightmare for everybody,â Stern said during a March 24 interview in Basel. âWe have to adapt. Something will come. I donât know when, but one day it will happen.â Swiss exports are lagging behind German goods sold abroad as companies from watchmaker Swatch Group AG to chemicals supplier Lonza Group AG struggle with the francâs ascent against the euro and dollar. While both nations benefit from global demand for their products, the euroâs weakness has helped bolster sales and economic growth in Germany. http://noir.bloomberg.com/apps/news?pid=20602081&sid=aaP4r64mNElc Hurting the economy? Ay, ay, ay...
Well it does give the Swiss citizen and swiss companies more purchasing power overseas. It is not all bad for them.
oh yeah, well done. go on the euro. that'll do wonders for the swiss. just make sure you bring a check for your share of the bailout. make it payable to "mutti and axel".