20 sats \ 27 replies \ @TomK OP 30 Jul \ parent \ on: Texas Manufacturing Slump Deepens in July econ
First You'll have trouble in the Eurozoe. Hot candidates are Italy and Spain.
Right, Italy, Spain, Greece always seem to have troubles.
But I dont know if they will be first, maybe a US state might declare bankruptcy.
Maybe California?
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And France, no.2 on the eurozone, is catching up real fast
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Why is it that Switzerland always seems to never go bankrupt?
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Switzerland is doing everything it can to remain an attractive location for capital. to this day, they defend a relatively stable banking secrecy, they have their own currency, they rely on direct democracy and a free market economy wherever possible: all in all, they are a veritable capital heaven compared to the European Union that surrounds them.
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I see.
Is their banking really secret anymore?
I know for a fact the US government has snooped a few times.
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basically, hardly any banking secrecy protects itself from the americans. it was mainly about keeping the europeans at bay. But slowly but surely this front is also eroding. But Switzerland is still a preferred location for capital, because things are getting much worse in the eurozone
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basically, hardly any banking secrecy protects itself from the americans. it was mainly about keeping the europeans at bay. But slowly but surely this front is also eroding. But Switzerland is still a preferred location for capital, because things are getting much worse in the eurozone
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They dont use the euro?
They use their own currency still?
Why dont more companies move their headquarters there?
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The movement is in full swing. More companies are coming. Switzerland also offers a huge tax advantage for individuals as well as companies