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23.11.201006:35:00UTC+00Snb's Hildebrand says Franc's Strength Will Hit Exporters But Eu Should succeed in Tackling Debt Woes

News:

  • Hildebrand said that he was confident the EU will ultimately succeed in once again deeply anchoring a culture of economic and financial stability
  • He said that EU citizens have a vested interest in the stability of the euro, and it was true for Swiss citizens as well
  • His comments come as the EU and IMF put out an aid package to Ireland, which is stuck in debt
  • The Swiss franc has climbed more than 10 pct against the euro in the first six months of the year, touching a record high of 1.2763 per euro on Sept 8; it has gained 2 pct since Friday
  • SNB holds next policy review on Dec 16, and has forecast growth of around 2.5 pct this year

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