Switzerland, the nation that hasn't gone to war with a foreignpower since Napoleon, is reluctantly debating a generational taboo:ceding monetary independence to win a battle over its runawaycurrency.

Swiss National Bank Vice President Thomas Jordan said thecentral bank is assessing “a whole range of options” to prevent thefranc, which reached a record against the euro this month, frommaking Swiss goods prohibitively expensive. Even a cup of coffee atCafé St. Gotthard in Zurich costs $8.30, with one Swiss francbuying $1.2816 at today's exchange rate.

Billionaire entrepreneur Christoph Blocher, one of thepoliticians who called on SNB President Philipp Hildebrand toresign after the bank lost $21 billion last year in a vain attemptto restrain the currency, now supports a franc target.

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