The obvious comment is the source of payment, who will pay so much money !!
In my ideal conception, this one is very easily solved considering the roughly 480 Billion Euros accumulated by the Swiss National Bank in just a few years, with the grandiose illusion of maintaining a minimum exchange rate and bailing out the Euro and the more real reason of European solidarity and piling on debt on the Swiss economy. This is lost money in the near future anyway, so one could even consider just handing out Euros.
It is not that easy. The 480 billion Euros currently held by the Swiss bank is the amount accumulated over many decades. It won't be enough for 3 years of handouts. After that what they'll do?
Also, even if the Swiss bank offloads just one-third of its reserves, the Swiss Franc will collapse by 100% or 200%. (Right now 1 CHF = 1.1 USD, it can become 1 CHF = 0.4 or 0.5 USD).
That is false, it is not many decades, the minimum exchange rate of 1.2 dates roughly from september 2011 with the decision to buy
unlimited amount of Euros. Reserves of other currencies obviously exist for a long time but absolutely nothing in comparaison with the rate as of autumn 2011. Some months, more than 66 billion dollar worth of Euros were bought, roughly 7 million every minute. This will not last for many decades. Edit: Also, the Euro has barely been around for 1 decade..
Having Euro in reserve is a liability, not a strength and for your information that massive buying of Euros was precisely to stop the appreciation of the Swiss franc vs Other currencies so offloading it would more likely lead to an increase valuation.
and how much do you know about this gypsy community?