EUROGEDDON! Why the shocking new price of Swiss cheese and chocolate means Europe’s single currency dream is heading for disaster

Sunday, January 18, 2015
By Paul Martin

Swiss government banker’s unhinged their franc from euro last week
Instantly franc took off and saw prices rising to crippling levels
Ski rental prices rose by 20 per cent and a ski pass went up by £167
Not pegging the franc to euro will cause economic difficulty in Switzerland
The decision is a nightmare for the perilously weak euro


By IAN BIRRELL
DailyMailUK
18 January 2015

Yesterday, in a McDonald’s in Switzerland, I saw people paying nearly £8 for a Big Mac and fries. For anyone unfamiliar with their prices, that’s more than double the cost of the same meal in the UK: £3.88. The ten-minute taxi ride to get from my hotel – £123 for B&B in a chain establishment – to the fast food restaurant was £25.

Like thousands of British holidaymakers here for a skiing break, the crippling prices mean that for every second I’m here, my bank balance is falling as fast as the snow around me.

Switzerland always was pricey. But last week, for complex reasons, the government’s bankers unhinged their Swiss franc from the euro. Instantly, the franc took off like a hot air balloon.

Now it’s the only point of conversation. One young Spanish couple spoke with amazement at paying the equivalent of £68.70 for two posh burgers and beers. British dental surgeon Alyn Morgan was sipping a £15 Margarita cocktail in a ski bar in Verbier in the early hours of yesterday morning. Three days earlier, it would have cost £12.

The Rest…HERE

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