The date has been set and the first posters have already been hung. Swiss citizens will elect their new parliament on Oct. 18, 2015. But the country’s future was already decided this month.
It was not decided by the more than five million eligible voters, with their gray lists of candidates for the Federal Council and Council of States, but rather by three men in wood-paneled offices on Bürkliplatz in Zürich.
Switzerland’s future was decided by their rows of figures, their economic expertise and a dry communiqué containing an unambiguous sentence: “The Swiss National Bank is repealing the minimum rate of 1.20 francs per euro.”
The announcement was more than just a bombshell of monetary policy that sent shock waves around the globe. The central bank’s decision is likely to drastically change the Swiss economy in the next few years.