What happens to Swiss Franc if Euro disintegrates?

It appears that they only pegged it to the Euro fairly recently, after being pegged to the US Dollar for decades. I still believe they are better off for staying out of the EU, and they will do what they feel will help protect their own economy despite all that’s changing around them.

They are in the Schengen-Treaty… and more related to the EU than ever.
The Euro will not fail.
And in the future the EU will develop to a Union of States… or a Federal State….
The times are changing.

Just about nothing will actually happen to the Swiss Franc. Various countries return to their previous currency and the Swiss stay above it all since they’re financing the whole damn thing with Nazi money.

Since most currency – and maybe especially the Euro – exist in non-physical form, I don’t believe that the Swiss would be sitting on volumes of worthless paper. But I assume that was figuratively spoken.

I imagine that a scenario of a collective “Euro-exit” would be controlled, and include an exchange into the new national currencies – be it capital or debt – and in Switzerland’s case it would maybe mean a negotiated exchange into a basket of the new European currencies. It would in any case – although at varying levels – mean a big blow to us all, Euro member or not. People, companies and governments will loose a great deal of money and investments however you turn it.

I myself find the likelihood of the Eurozone breaking up yet quite low. However, federal steps or not, a European Union-core is taking form around and in the Eurozone. The extent of it will determine the shape and direction of where the Union will go. That might be just as big threat to the cohesion of the Union than the debt crisis, although a multi-speed Europe has always been the case in practice.

Great answers. Thanks all!