Switzerland Banks Real Estate

February 13, 2013 - 10:30 AM
Swiss Federal Council Eveline Widmer-Schlumpf speaks about the budget 2014 during a press conference in Bern, Switzerland Wednesday, Feb. 13, 2013. The Swiss government took action Wednesday to stop the country's housing market from running out of control by requiring banks to hold more capital reserves. The nation's governing Federal Council in Bern, Switzerland, which includes the president and six other ministers, announced that it is "taking action against an excessive rise in prices in the real estate market and exorbitant mortgage debt" that threatens Swiss banks and the economy. (AP Photo/Keystone,Peter Schneider)