The Swiss Can Barely Afford Their Currency

摘要

Silvy Gillhausen, a saleswoman at the Zett Meyer watch store on Zurich's Bahnhofstrasse, senses trouble when clients from abroad pull out their phones. "Some customers come in with prices saved in their cell phones to compare them with ours," she says, standing near a display of IWC and TAG Heuer watches costing as much as 10,900 Swiss francs ($12,930). "Even when we give them 10 percent off, it's still cheaper in their home country."