THIS WEEK’S ROW BETWEEN THE SWISS GOVERNMENT AND UNIONS BENEFITS THE EU, SAYS ECONOMIST MARKUS WILL

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Markus Will, senior economist at the University of St. Gallen, explains the Turkish lira is plummeting because of governance issues. He also draws parallels between the Greek debt crisis and the exposure of some eurozone banks to Turkey. Regarding ongoing labor negotiations between Switzerland and the EU, Will remarks that Switzerland’s weakness is that it doesn’t have one common view of what the country wants from Europe, making negotiations with Brussels more difficult.
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