MOSCOW (Sputnik), Daria Chernyshova – The strong Swiss franc has become a contentious issue as the country heads for parliamentary election on October 18.
“It is clearly not a good thing to have very strong money, especially for a country like Switzerland, that exports very much,” Luc Recordon said, adding that the Swiss economy “has really suffered [from] the high prices of Swiss goods.”
“The way our Central Bank blocked the low euro was really clever, but costs too much,” Recordon said.
The stronger franc hit demand for Swiss goods in Europe and in China, diminishing Swiss exports. According to the customs office, exports dropped 4.5 percent in August against the previous year.