EFTA Document EFTA01377493

Fain TM. by pt !um Irrrattincnt iit)htS pripX.thien Port/010 ?ic-n43cfovitt)il 404$ Letter to investors Central banks - drivers and driven For a long Ume, central banks have been driving markets ever higher. But there are limits to their power and political priorities are also important. Both the power and powerlessness of central banks can he observed on three continents at the moment. Let's start with crisis-ridden Greece. After several 'final deadlines' had passed, only one mea