The euro is continuing to weaken against the franc and could soon be worth the same.
That’s the prediction of the economist Jan-Egbert Sturm from ETH University in Zurich.
He says the main reason is inflation. The rate in the eurozone is currently running at 5%. Sturm says he expects the inflation differential to continue and the euro will remain weak.
The euro is currently worth about 1.04 francs. When the single currency was launched, it was worth 1.50.
The strong franc is a problem for Swiss exporters as it makes their products more expensive.
Switzerland faces CHF 1 billion bill on EU frontalier reform
Swiss police chiefs warn anti-immigration vote risks security
SBB to retire 400 asbestos-contaminated trains
Parliament to debate seizing unused army weapons
Winterthur knife attacker placed in pretrial detention
France's No G7 coalition drops Annemasse protest
