Europe's Parabolic-est: German TARGET2 Total Hits €700 Billion

Tyler Durden's picture

Dear German readers: please earmuff your eyes.

Everyone else: please check back in 3-6 months when the Bundesbank's (i.e. Germany) uncollectable "claims" from the Eurosystem hit €1 trillion, following the May increase of €54.4 billion, the third highest monthly increase on record, bringing the total of just shy of €700 billion.