Switzerland is quite literally and figuratively in the middle of Europe. It is surrounded by the eurozone.
The country has been the recipient of billions of euros of deposits over the last two years as rich Europeans hedge their bets on a currency breakup. Only Switzerland knows the true extent of eurozone woes through the increasing cross-border currency flows.
What does it believe? Well, it has begun preparing its army for a possible euro meltdown. Troops are engaging in training exercises to seal the border from refugees and to maintain civil order in the case of a financial crisis.
The Swiss are doing their part to contribute to the eurocrisis. The SNB has established a floor on the value of the euro versus the Swiss franc and is spending gobs of francs to defend the floor. This action has helped to maintain the high value of the euro, which is hurting the countries that desperately require a competitive devaluation.
Keep those troops ready, William Tell.