Switzerland suffers for many years from the strength of its currency. After three years of intervention, the Swiss National Bank (SNB) removed the cap on its currency which it had imposed. Until then, it had bought €174 billion.
Greece suffers a debt crisis for more than six years with no end in sight. The debts stand now at approx. € 320 billion and growing.
Free to birds with one cage opening:
SNB, bailout Greece – buy the Greek government debts!
The SNB shall grant an interest-free loan to Greece to facilitate an advance repayment. As the lenders to Greece – the European Union, the banks and the IMF – know well that Greece will never be able to pay back these debts, an advance repayement allows the Greek government to actively negotiate a haircut on the lenders.
The interest-free loan will free Greece from its creditors, end foreign intervention in Greece’s domestic policy and restore Greek autonomy. Greece can then give up the harsh austerity measures and reduce the huge tax rate that suffocates its economy.
For the SNB the issuing of the interest-free loan is just part of its monetary policy to weaken the Swiss Frank. The acquisition of approx. €300 billion will counteract deflation, weaken the Swiss Franc and therefore improve exports, save jobs and enkindle tourism.
The main advantage for Switzerland lies in the investment in people: Helping a country to regain independence will foster friendship for centuries to come – an insurance not one single bank – not even the ECB – can give.
The Swiss rose against the local sheriff from Habsburg and freed themselves in 1291. Now Switzerland has the unique opportunity to help the Greeks freeing themselves from the new Habsburg sheriffs.
1 E.g. If Switzerland suffers from atomic incident and 25% of the Swiss have to emigrate, I am sure Greece would welcome us!