Monday, June 15, 2015

Switzerland

The hills are alive with the sound of falling prices.....  http://on.ft.com/1FigXXj

The only surprise to me is the increase in retail sales. I don't know who it is that's buying stuff here but it certainly isn't anyone I know. Pretty much every person down here close to Lac Leman does at least some or all of their shopping in France, and some even drive all the way to Germany to do it (the Germans are much more organised at paying back tax than the French - surprise, surprise). Up in Zurich it's apparently the same. The major supermarket's car parks across the border are full of Swiss registered cars. Even Swiss-made products are cheaper in Euros. 

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