Switzerland ETF: Exposure To Europe’s Bright Spot

Burdened by debt loads that have mounted after decades of generous subsidies and social welfare programs, governments across Europe are furiously slashing spending in an effort to bring public finances into shape. After a near-collapse in Greece, a number of other major European economies have ventured to the edge of fiscal disaster. Much of the attention has focused on Spain and Italy, two countries battered by skyrocketing unemployment. But even Germany, one of the continent’s more stable economies, is forging ahead with steep budget cuts. Amidst the chaos that has gripped Europe in recent months, however, there are a few bright spots. One is Switzerland, home to a well-diversified economy that falls outside of the euro zone.”Switzerland has been marching to a different beat than its European Union neighbors, with a solid government budget surplus and resurgent economy,” writes Deborah Ball. The country’s unemployment rate recently fell to 3.8%, well [...] Click here to read the original article on ETFdb.com. Related Stories: Swiss Franc ETF (FXF) Cleared For Takeoff Euro Weakness Dragging Down Krona and Swiss Franc ETF Hungary Exposure Weighs On Eastern Europe ETFs