Does the Repatriation of Hot Money From the Swiss Franc Into the Euro Mean the Debt Crisis is Over ?

“Back in the crisis days, the euro plunged against the Swiss Franc, as everyone rushed their money into Switzerland, to escape the crumbling Eurozone.

Then the Swiss National Banc — fretting about the strength of its own currency and the potential negative economic ramifications — put a ceiling on Franc strength, and so the Euro didn’t move against the Franc for a long time.

But now that fears are subsiding in Europe, we’re seeing the opposite of the run on Europe, and a run back into Eurozone, as folks repatriate their cash back out of Switzerland.

The Euro had a huge week against the Franc, and it’s continuing today, as this chart from Bloomberg shows….”

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