Swiss retailers are struggling this holiday season to curb cross-border shopping after patriotic appeals have failed to stem a growing flow of bargain hunters to supermarkets and shops in neighboring France and Germany.
The Swiss central bank returned to a profit in 2011 and said it will distribute money to regions, quelling criticism sparked by the previous year’s record loss.
Swiss officials are making decisions their peers in Greece or Portugal envy: Canceling bond sales as a budget surplus reduces the nation’s borrowing needs.
"Consumers have discovered shopping abroad."
- Claude Maurer on Dec 18, 2012