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

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

By Tyler Durden
Created 06/08/2012 - 08:19
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 06/08/2012 08:19 -0500



 

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 [3].

[4]

 

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Source URL: http://www.zerohedge.com/news/europes-parabolic-est-target2-hits-%E2%82%AC700-billion

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/8300
[3] http://www.bundesbank.de/Redaktion/EN/Standardartikel/Service/Services_banks_companies/target2_balance.html
[4] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/05-2/Target%202%20MAY.jpg