The movement of the Swiss Bank to lift the support of the exchange rate of the Franc against the euro has caused a major upheaval bordering on panic.
Following the announcement of SNB, panic prevailed in the markets with the Swiss currency strengthened by about 30% against the euro (0.805 francs per euro) and 25% in relation to the dollar (88 francs per dollar).
Three years ago the Swiss Central Bank has set a limit of 1.20 in order to halt the massive markets in the midst of the crisis in the eurozone.
This development has caused a billion euro damage to 70.000 Greek borrowers who have loans in francs due to soaring in value of the Swiss currency.
According to the Prime Minister “One of the first laws to be tabled in Parliament immediately after elections, will be the one that regulates the issue raised by the exchange rates at the expense of 70.000 borrowers”.
On the other hand, SYRIZA “reserves the right to resolve the issue legislative “.
