I think he means coupon of 2%. With obligations valued at 60% of nominal, yield to maturity should be 8-10% (yeah, in Euro). And the principal will also lose in value.
Well, markets are efficient and there are no free lunches. But it could be that the market for these bonds is dominated by short-term traders who expect more trouble ahead. If you think these worries are exaggerated and is ready to keep them until maturity, why not.
What would be EURCHF by then is another question.