Swiss Exceptionalism Is Taking a Battering
A Credit Suisse Group branch in Bern, Switzerland, on March 16.
Photographer: Stefan Wermuth/BloombergThe market turmoil has faded after the run of banking woes in the US and in Europe. Even Swiss stocks have bounced back from the lows hit after the rescue of financial giant Credit Suisse.
But as the squall retreats for now, it leaves in its path a series of difficult questions for governments. None more so than the Swiss.