Swiss National Bank is risking everything, the USA are pressuring major Swiss banks to release secret information and Roger Federer is playing - Swiss news week so far...

The Swiss National Bank set a floor on the Swiss franc - Euro exchange rate yesterday. The Swiss franc has been rising since the European Debt Crisis became public - the Swiss currency is generally strong in times of economic downturn and it is seen as a "save haven" and viewed as being almost as save an investment as gold. But the strong franc is bad, very bad for our economy (exports). In August, the franc almost reached parity with the Euro. This is something that when the Euro was introduced over ten years ago, nobody could have ever imagined. It was a shock to the system - and the National Bank was under immense pressure. Yesterday, they set a limit on how high the Swiss franc may rise (1 Euro = 1.20 francs). To enforce this, extremely risky measures will have to be taken - for example buying Greek, Italian or Spanish debt certificates. Read more in the Economist

Swiss bank secrecy and the US fiscal system do not get along, at all. Read here why the Swiss government is under such pressure from the US that some media even speculated about possible introduction of a special emergency legislation.

On a lighter note, the US Open Tennis tournament is on at the moment - everyone's favourite (and one of very few Swiss top athletes) Roger Federer seems to be going well! Did you know he's also a brand ambassador for Lindt Chocolates and is the father to adorable twin girls? :)