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Swiss border town hit by franc as shoppers defect to Germany
Add BT as a preferred sourcePublished Mon, Aug 3, 2015 · 09:50 PM
Kreuzlingen
IN the Swiss lakeside town of Kreuzlingen, the strength of the franc is leaving its mark.
The currency's advance this year means locals in the border town are crossing into Germany to shop in greater numbers, hurting domestic retailers. That's compounding the impact of the exchange rate on the economy, which probably suffered a recession in the first half.
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