The Swiss just abandoned their Euro ceiling

[Sprouts Farmers Market ✘]

Well, I almost certainly believe it's the first reason as there is no reason to be optimistic about the Euro. However, that doesn't mean QE is mutually exclusive. I'd still give that just shy of 50% chance of occurring frankly because I don't think it would work and people across the continent (not just Germans) don't seem very receptive to it. It could happen if they are that desperate, but I'd imagine this is about the weakness of the currency going forward since the monetary union really doesn't have viable a solution.

[Sprouts Farmers Market ✘]

Meanwhile, the franc shock has apparently claimed his biggest victim: The US hedge fund Everest Capital Global with $830 million in assets went bankrupt after the Swiss National Bank scrapped its three-year-old cap on the franc against the euro. According to the "Wall Street Journal" the speculative fund had laid large-scale bets on a devaluation of the franc - exactly the opposite happened.

I can understand why some would think the cap would be maintained, but that anyone would think it would be lowered?

I was going post this yesterday because it seems like such a dumb idea that I would never have expected to happensure anymore. Could it be an even more extreme form of currency manipulation than China to make its banks assets worth more in francs if they were effectively all Euro? Or more simplisticly increase exports? I don't know why a country like Switzerland would take either of those views (but then again, the initial peg was surprising).