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The Eurozone Debt Crisis and the Swiss Franc

The Eurozone Debt Crisis AND THE SWISS FRANC Amid The Great Recession, many countries in the Eurozone became 2009 unable to control their national debts due to situations such as bank bailouts and high pension debts. This became known as the Eurozone Debt Crisis. 2010 The Euro continues to lose value. 110B EUROS May The European Union (EU) ap- 85B EUROS prove a bailout package for Greece totalling $110B Euros. HELP! November The EU approves a bailout for $85B HELP! Euros for Ireland. 2011 85B EUROS The Euro continues to lose value. 78B May Portugal has to request aid from the EU, which approves a $78B Euro Bailout. HELP! July A second bailout is approved for Greece, totalling $109B Euros. HELP! September The Franc grows in value with the decline of the Euro. Swiss officials put a cap on the value of the Franc, vowing to print money if needed to maintain this value September Many major politicians call for immediate action to stop the debt crisis from spreading. This leads to European powerhouses Germany and France agreeing to provide aid. by buying foreign currencies. 2012 The Euro continues to lose value. 40B EUROS June Spain's borrowing costs reach a new high. HELP! December Spain gets $40B from the EU. 2013 10B The Euro continues to lose value. March Cyprus gets $10B bailout. HELP! 2014 The Euro continues to lose value. As a result of it's strong financial systems, Switzerland is a strong place to park funds in the form of Swiss Francs. As the Euro continues to depreciate, the Franc becomes more and more valuable. It becomes difficult to maintain the price ceiling imposed in 2011. As Switzerland prints more money, they buy foreign currencies, which can be very volatile. This puts Switzerland's financial systems at risk. This appreciation of the Franc is bad for Switzerland, as Swiss goods become more and more expensive to international buyers. This is especially noteworthy considering exports account for Swiss foreign currencies holdings reach a new high of 75% of national GDP. over 70% of the Swiss GDP. 75% 2015 January 22 Swiss officials plan to meet to discuss further changes. Rumors circulate that they will begin to buy government bonds instead of currency in order to stabilize their investment. January 15 Due to the high risk of foreign currency holdings, Switzerland decides to break the price ceiling of the Franc. The price of the Franc spikes immediately SWISS BONDS Onward If the Swiss decide to start buying bonds instead of currency, their currency will begin to stabilize. However, foreigners might think twice before storing their funds in Switzerland again. --- With the volatility of the Swiss Franc, the Euro, and other European currencies, many Forex Investment Firms have fallen on hard times. The sudden volatility in CHF pricing caused a huge number of traders to be stopped-out due to a lack of collateral which in turn left Forex brokers on the verge of banktruptcy. Through all the turmoil, 3TG BROKERS has come out stronger than ever and is ready to welcome new clients and buy out FX brokers who lack sufficient capital to continue their operations. This crisis has reassured and affirmed that the trading method and operation of 3TG continues to run smoothly even under high-volatility market conditions. Contact us to learn more Sources: 3TG BROKERS %24

The Eurozone Debt Crisis and the Swiss Franc

shared by FoxtailMarketing on Apr 07
This infographic illustrates a timeline of the Eurozone debt crisis, and what could have been done to prevent it.


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Mario Padilla



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