The Swiss Franc is “significantly overvalued” according to the head of the Swiss National Bank. <br /><br /> Thomas Jordan admitted that the central bank had no quick-fix solution to the problems the strong currency is causing the country.<br /><br /> The bank has been on the back foot since it ended its cap on the franc against the euro in January.<br /><br /> Swiss franc weakens on SNB head's remarks: Swiss authorities are concerned of likely "safe haven" flows to fra... http://t.co/d2pSBI2E1f— IBTimes UK Business (@IBTimesUKBiz) June 25, 2015<br /> <br /><br /> The franc has risen some 13 percent against the euro, the currency of the country’s biggest trading partners.<br /><br /> The bank is watching the Greek crisis closely <br />as greater certainty over Greece’s future may reduce the upward pressure on the currency.
