Mr Phillips said shares were dropping as “investors were worried” that Credit Suisse will just no longer be able to pay its bills.
“The good news is the Swiss National Bank has agreed to give Credit Suisse liquidity,” he told Sky News Australia.“If they have the cash, if they have the liquidity to make sure they can meet their obligations, that is going to slow down any potential domino.
Switzerland National Government Debt reached 235.6 USD bn in Dec 2022, compared with 220.3 USD bn in the previous year. Switzerland National Government Debt data is updated yearly, available from Dec 1990 to Dec 2022.
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