07/03/17

BIS Admits TARGET2 Is A Stealth Bailout Of Europe’s Periphery [feedly]



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BIS Admits TARGET2 Is A Stealth Bailout Of Europe's Periphery
// Silver For The People

zerohedge.com / by Tyler Durden / Mar 6, 2017 12:13 PM

While debates over the significance of the Eurosystem's TARGET2 imbalances may have faded into the background now that sovereign yields in the Eurozone remains broadly backstopped by the ECB's debt monetization generosity, and fears about an imminent European breakdown fall along the lines of ....

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