Tuesday, 11 April 2017

Target 2 doomsday machine

If Italy's Target 2 imbalances went over 100% of GDP (currently about 22%), it would make the economic case for a Lira and deval quite difficult given much of the banking system's liabilities would stay in Euros... You could say this is Germany's doomsday machine to stop countries leaving.



No comments:

Post a comment