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Swiss consider capital controls if Athens goes

The Swiss National Bank is considering imposing capital controls on foreign deposits if Greece leaves the eurozone, as the franc comes under heavy demand from investors seeking a haven in Europe.

Thomas Jordan, head of the Swiss central bank, said the government and SNB were looking at ways of dealing with an expected flood of foreign money into the country in the event of a Greek exit.

The Swiss franc has come under increasing pressure since the Greek elections at the start of the month. Currency traders have reported unusually high levels of franc buying.

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