Swiss vote on radical sovereign

Swiss vote on radical sovereign money plan to upend banking system


ZURICH (Reuters) – Jean-Marc Decressonniere is probably the only banker in finance-friendly Switzerland who supports a vote next month that could transform how lenders operate. Unlike virtually all his peers, Decressonniere backs the Sovereign Money initiative, which wants to stop commercial banks from in effect creating money every time they make a loan. Supporters say […]

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