China Will Capitalize On The Euro’s Decline

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China will capitalize on the euro’s decline

As Europe falters, its troubled assets will be bought up by China On Jan. 15, the Swiss Central Bank abruptly announced the end of its “bail-out-buying” scheme, wherein it spent high-value Swiss francs in exchange of weak euros. Formed in 2011, this currency peg was intended to prevent the Swiss franc from rising to the high…

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