Switzerland's central bank stepped in to stop investors driving up the franc on Tuesday, sending the euro up nearly 9 percent and stifling a tentative European stock recovery from sharp losses a day earlier.
Soon after the announcement, the euro was trading at just above the 1.20 Swiss franc target after earlier being at around 1.10 francs. The euro also rose against the dollar and was trading at $1.4173
That's the summary of the current events, taken from Reuters. Which effect will this have long term for the euro zone? Will this worsen the European financial crisis or is this not an important factor? Should this announcement trigger any actions from common European people concerning their wealth?