Danthine Says Swiss Property Market Is in ‘Danger Zone:’ Blick
2014-02-02 06:00:00.16 GMT
By Zoe Schneeweiss
Feb. 2 (Bloomberg) -- Swiss National Bank Vice President
Jean-Pierre Danthine comments in interview with SonntagsBlick.
* “The real estate market is in the danger zone,” Danthine
says. “The risk of a correction is large.”
* Sees “build up of imbalances in the mortgage and the real
estate market. These could trigger a crisis in case of an
external shock.”
* “The world economy has gone through an extremely dangerous
phase and isn’t yet out of the woods,” Danthine says when
asked what such a shock could be. “The euro zone remains
fragile.”
* NOTE: Swiss govt on Jan. 23 raised capital buffer to rein in
property market: NSN MZURRS6K50XU <GO>
For Related News and Information:
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First Word newswire: NH BFW<GO>
To contact the editor responsible for this story:
Zoe Schneeweiss at +41-44-2244146 or
zschneeweiss@bloomberg.net
2014-02-02 06:00:00.16 GMT
By Zoe Schneeweiss
Feb. 2 (Bloomberg) -- Swiss National Bank Vice President
Jean-Pierre Danthine comments in interview with SonntagsBlick.
* “The real estate market is in the danger zone,” Danthine
says. “The risk of a correction is large.”
* Sees “build up of imbalances in the mortgage and the real
estate market. These could trigger a crisis in case of an
external shock.”
* “The world economy has gone through an extremely dangerous
phase and isn’t yet out of the woods,” Danthine says when
asked what such a shock could be. “The euro zone remains
fragile.”
* NOTE: Swiss govt on Jan. 23 raised capital buffer to rein in
property market: NSN MZURRS6K50XU <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the editor responsible for this story:
Zoe Schneeweiss at +41-44-2244146 or
zschneeweiss@bloomberg.net