Switzerland sprang a surprise on Tuesday, pegging the franc down against the euro, but analysts said this was a risky defence against the eurozone crisis.
Political parties in Switzerland reacted positively to news of the measures taken by the Swiss National Bank (SNB) on Tuesday to peg the Swiss franc to the euro.
The ETH Zürich (Swiss Federal Institute of Technology) remains the best university in continental Europe, according to a ranking of the world’s top 300 universities.
Hundreds of towns, local authorities and public bodies around France are struggling to pay back loans that were indexed against the euro-franc exchange rate as a result of the rise in value of the Swiss currency.
Swiss stocks surged over three percent in early trading on Tuesday after the Swiss National Bank announced a currency peg of 1.20 francs per euro.
Swiss authorities will meet some of Washington's demands to transmit information on accounts held by US citizens in the country, local media reported on Tuesday.
Swiss bankers on Monday called for a solution to ongoing tax disputes with the United States, following a Washington ultimatum to release information on alleged tax dodgers.