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Swiss govt resists pressure about franc shock

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Geneva - Switzerland's government has shrugged off requests by political parties to lessen the economic impact of the removal of a cap on the value of the Swiss franc, the Swiss national news agency reported on Saturday.

In written answers to questions put by seven political parties before a parliamentary debate next week, the Federal Council, Switzerland's cabinet, said very little action could be taken.

Switzerland's central bank, the Swiss National Bank, set off a surge in the franc in January when it gave up a three-year old policy of holding the value of currency to 1.20 francs per euro.

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