SNB's Jordan: Sovereign money plan would plunge economy into period of extreme uncertainty

Delivering his prepares remarks at Zurich University, Swiss National Bank Chairman Thomas Jordan said that the Swiss economy would be plunged into a period of "extreme uncertainty" if voters approved this year a radical sovereign money initiative, as reported by Reuters.

Key quotes (via Reuters)

Sovereign money plan would leave Switzerland with untested financial system unlike any other in the world.

Sovereign money initiative would not make the financial system more secure.

Sovereign money plan would not curb harmful excesses in lending, valuation of stocks, bonds or property.