Economics
Swiss Government Pledges $1.1 Billion to Fight Franc Impact
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The Swiss government plans to spend 870 million francs ($1.1 billion) as part of an economic stimulus package to help counter the impact of the franc’s “massive overvaluation.”
The measures aim to support tourism and exports and preserve jobs, the government said in an e-mailed statement from Bern today. The ruling coalition had initially said it plans to spend as much as 2 billion francs. The parliament will discuss the package next month.