questions as to whether a new euro debt crisis might emerge. Euro area sovereign spreads have widened, but not to “unwarranted … euro area debt crisis a decade ago, seems unlikely today with the extensive toolkit now in place. …” levels, unlike the situation that prevailed during the European debt crisis. A replay of the funding fears, which drove the …

The euro area crisis is the main external factor threatening the Swiss economy. In 2010 and 2011, the Swiss franc was … rapidly appreciating against the euro, causing a drop in exports, losses for the tourism business and a rise in unemployment …. This paper gives an overview of developments in the euro area and explains the reasons for the strength of the franc, the …

While the euro officially came into being in 1999, it was the introduction of euro notes and coins 20 years ago in …