Swiss franc's rise freezes tourism
Geneva
THE Swiss Alps already looked pricey before the Swiss National Bank dropped its currency bombshell. Now, Swiss tourism fears being frozen out altogether.
As the central bank's shock decision on Thursday to scrap a cap on the Swiss franc pushed the currency up nearly 30 per cent, some businesses were already reporting cancellations as visitors rushed to rearrange their plans for the busy winter season.
Swiss hoteliers vented their fury on social media, and politicians urged the Swiss to support the country's tourism industry while resorts across the French border cheered a "Godsend" as they looked forward to new Swiss clients. "Swiss people! Take your h…
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