2015-01-16telegraph.co.uk

``The eurozone's slide into deflation in December -- with 5Y/5Y swap contracts showing inflation expectations in freefall -- is the last straw for the Swiss authorities. It means that the European Central Bank can no longer keep dragging its feet on QE. Whether the ECB announces a €1 trillion blitz next week, or just €500bn, funds are already flooding into Switzerland from the eurozone.''



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