Saturday, August 16, 2014

Why Swiss Are Rich

Because they have nothing to do with silly embargoes...

"The food-import ban has a rather limited effect on growth in the eurozone," said Peter Vanden Houte, chief euro-area economist at ING Groep in Brussels. "For some areas in the sector, oversupply could cause prices to drop."
According to Vanden Houte, there may be "some shifts towards Switzerland and it may profit from higher Russian demand as a substitute for European products -- but I doubt it'd be able to strongly increase production to meet the demand."

They are happy to sell to either side....

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