While Nassim Taleb sees Switzerland as the poster-child for what Europe should become, the quote above from SNB's Jordan begs the question - which scenario does include the Euro Collapse (and remember, as he tells us, the Franc cap is 'not' currency manipulation).
- *TALEB: FOR EUROPE TO SURVIVE MUST BECOME MORE LIKE SWITZERLAND
- *JORDAN: FRANC CAP ISN'T CURRENCY MANIPULATION
- *JORDAN: SNB MAY NEED TO TAKE LIQUIDITY OUT OF MARKET EVENTUALLY
- *JORDAN SEES SUBSTANTIAL RISKS WEIGHING ON SNB BALANCE SHEET
- *JORDAN: SNB BASE SCENARIO DOESN'T SEE EURO COLLAPSE