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With the Swiss officially not backing the Euro opinions what are your opinions on how that currency will go, its already taken a few hits from the Russians and has been more or less just been piling up a lot of problems.
As usual one can blame the banks again or creating havoc although this all started with Greece Banks and the crisis so the Swiss Banks were boned from contagion (QZ)
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Switzerland’s special status in Europe is gone – the euro crisis is here
The abolition of the Swiss franc cap means the country is no longer a safe haven, and the consequences could be grave.
http://www.theguardian.com/commentisfree/2015/jan/16/switzerland-euro-crisis-swiss-franc-abolition-cap

On Thursday afternoon the president of the Swiss National Bank (SNB) announced that he would scrap a cap in the value of the Swiss franc against the euro, triggering turmoil on the currency market. Since then Switzerland has been in a state of shock – not just the financial establishment, but also our political parties, the media and the public.

We may have just witnessed the start of an entire new chapter in Swiss history. At the moment no one seems entirely capable of giving a confident prediction of precisely what the future will hold. But there is a vague consensus that Switzerland is facing a tough future. People here used to see their country as an island of tranquility in a sea of euro-crisis tears. Those days look certain to be over.

What is really baffling is that absolutely no one predicted the SNB’s sudden change of strategy. When the national bank introduced the cap in September 2011, there were lengthy preparations during which political and business leaders were approached: the government, opposition, business associations and unions were all consulted well in advance. This time, however, the bank decided to fly solo.

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Additionals:
http://www.dailymail.co.uk/news/article-2915018/EUROGEDDON-shocking-new-price-Swiss-cheese-chocolate-means-Europe-s-single-currency-dream-heading-disaster.html
http://qz.com/327410/absolutely-everything-you-need-to-understand-what-happened-to-the-swiss-franc-this-week/
http://www.businessweek.com/news/2014-11-25/hungary-passes-bills-on-mortgage-conversion-retail-loan-limits
http://www.economist.com/blogs/economist-explains/2015/01/economist-explains-13

I'm sure there are several more significant implications but the first one that comes to mind is that not allowing a cap on the exchange rate means there can be no limit to potential inflation. What other implications are there?

Fair point changed it from Collapse Incoming towards Currency changes
If other countries inside the EU start to revalue the Euro we might see some other interesting changes.
The implication is on exports and imports per country inside of it, strong import dependent and export dependent groups have conflicting interests so how that will balance out is the question.

Political will will be strong in Europe, and will likely trump the math for a long time to come.

Since I already have a Swiss thread open just puts this here
Nothing like an honest banker paying a fine for revealing dirty laundry

Rudolf Elmer, former Swiss banker, fined $20,000 for giving Wikileaks tax data

A former private banker found has been found guilty in Switzerland of breaking the country's strict secrecy laws by passing confidential client data to WikiLeaks in 2007.

Rudolf Elmer claims he was trying to expose rich tax evaders banking with his former employer, Julius Baer, which fired him in 2002.

Elmer's lawyer, Ganden Tethong, says Zurich's district court also found her client guilty of forging a document purporting to be a letter from the bank to German Chancellor Angela Merkel.

The court handed Elmer a 16,800 Swiss francs (a little over $20,000 Canadian) fine Monday, and suspended him for three years. Prosecutors had demanded a 3 1/2-year prison sentence.

Tethong says she was appealing the verdict along with an earlier sentence in a related case.

Elmer's documents contributed to pressure on Switzerland to relax banking secrecy.

http://www.cbc.ca/news/business/rudolf-elmer-former-swiss-banker-fined-20-000-for-giving-wikileaks-tax-data-1.2917850

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And some bank hits

The $400 million of cumulative losses that Citigroup Inc. (C), Deutsche Bank AG and Barclays Plc (BARC) are said to have suffered from the Swiss central bank’s decision to end the cap on the franc may be followed by others in coming days.

“The losses will be in the billions -- they are still being tallied,” said Mark T. Williams, an executive-in-residence at Boston University specializing in risk management. “They will range from large banks, brokers, hedge funds, mutual funds to currency speculators. There will be ripple effects throughout the financial system.”

Citigroup, the world’s biggest currencies dealer, lost more than $150 million at its trading desks, a person with knowledge of the matter said last week. Deutsche Bank lost $150 million and Barclays less than $100 million, people familiar with the events said, after the Swiss National Bank scrapped a three-year-old policy of capping its currency against the euro and the franc soared as much as 41 percent that day versus the euro. Spokesmen for the three banks declined to comment.

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging-market debt crises, is closing his largest hedge fund, which had about $830 million in assets at the end of the year, after losing virtually all its money on the SNB’s decision, a person familiar with the firm said last week.

http://www.bloomberg.com/news/2015-01-19/bank-losses-from-snb-surprise-seen-mounting.html

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Alternative source
http://www.ft.com/intl/cms/s/0/0d9a514a-9fb9-11e4-9a74-00144feab7de.html#axzz3PKcCjvZ0

News just in: Merkel says NO to Varoufakis. Like I said... greece will go out of the euro. Bailout is happening SOON. People dont trust the €. I know people there, people is removing their money from their bank accounts and hiding under bricks. Its happening.

Yeah, indeed the Eur is dropping again because of Greece rejecting the new troika proposals. Don't expect to see a confirmation of the last bottom, because if the Greece new prime minister keeps on with his line of politic the eurozone is practically fucked.

Politicians and diapers have one thing in common: They should both be changed regularly, and for the same reason.

Just read that Denmark plans to decouple its krone from € the same way as the Swiss decoupled their franc.

Varoufakis and Tsiripas have to solve this before febraury 28 which is the ultimate that merkel has given them.

Sounds like there is a small but growing amount of countries planning to move out of the EU
Greece elections was another one so there are some rumblings

I think if Greece goes, many other countries will follow. The EU was a bad idea to begin with.
Too many different cultural ideas, politics so different. It could not last for long.

I wouldn't be too sure of that, since many countries joined EU so that they would feel somewhat more secure being a part of something so big.
The further development and stages of fight with such bad examples like Greece is, is yet to be seen, but i doubt they wont react against them.

I am pretty sure when i say that EU is here to stay, and with a little bit luck it will form a stable environment.
For now things are hard, because EU is still too young, just give it time and full potential can be given.